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How to properly record Bank account deposit & withdrawal?

By
Max
on 3/29/13, 5:11 AM 3,732 views

Hi,

I'm running furniture retail business. I'm wondering how can I properly record cash deposit & withdrawal for company bank account? As this is our daily operation so it is very important, I don't wish to go to wrong way. Any help will be greatly appreciate.

Thanks & best regards, Max Chock.

1

Hi Max,

You have two option.

  1. Create bank statement (For the you have to maintain one bank journal with debit/credit account). And on bank statement you can create manually bank statement lines (for deposits, withdrawal, bank charges, interest..etc) daily/weekly/monthly. 2.You can directly create Journal voucher bank entries by selecting bank journal.

Let me know if you have any query.

Regards, Mustufa Rangwala

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Asked: 3/29/13, 5:11 AM
Seen: 3732 times
Last updated: 11/28/16, 9:24 AM