I have withdrawn amount from my bank account. How do I record it?

Amount withdrawn can be recorded from Journal or Banking module. Here’s how:

To record it from the Journal module:

  • Go to Accountant on the left sidebar and select Manual Journals.
  • Click + New Journal in the top right corner of the page.
  • Give a short note for the journal entry and add other necessary details.
  • Select the Cash Account as the Debit Account and the Bank Account from which the amount was withdrawn as the Credit Account.
  • Click Save and Publish.

To record it from the Banking module:

  • Go to Banking on the left sidebar and select the bank account in which you want to record this amount.
  • Click Add Transaction and select Transfer To Another Account.
  • Select Cash Account under To Account.
  • Enter the amount and provide description.
  • Click Save.

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