Bank Withdrawal

Purpose

To withdraw money directly from a bank account to another account in your chart of accounts, you must use the Miscellaneous Withdrawal form. Essentially, a withdrawal is used as a quick method of giving money to an expense account, without using a check or entering information into an invoice grid. For example, if you need a cashier's check from your bank because a vendor refuses to accept your company check, you would enter it in Integral Accounting as a Miscellaneous Withdrawal.

 

Usage

1. Choose a bank

In the field marked Bank Account you select the account from which the money will be withdrawn. Either type the number or select it from the drop down list.

2. Choose a date

This is the date on which the withdrawal will take place.

3. Enter a document number

The document number is used to uniquely identify bank transactions. You can look up these transactions later by their document number.

4. Enter an amount

This is the amount you want to withdraw from the selected account.

5. Select a GL Account

The GL Account is the account in which the transaction will be offset against. Either type the number directly into the field or use the lookup.

6. Enter a project

If this withdrawal is because of a project, select it in the Project field. Either type the ID or select it from the drop down list.

7. Enter a reference

You should have a reason for the withdrawal, so that you can later review your transactions and understand why they were made. Enter your reason in the Reference field.

8. Post

When you have entered all the information on the form and are ready to withdraw the funds, click the Post button.