Bank Check & Transactions

How to record Bank Check in Bank Statement journal, then break it down to transactions of which Bank Check have.

Bank Journal

Cashing Out

1. Create a Money Out in Bank Statement Journal

2. Click Internal Transfer (Top Right button)

3. Validate

Cash Journal

Cashing In

1. Create a Money In in Cash Statement Journal

2. Click Internal Transfer (Top Right button)

3. Validate

Expense app

Sample 1: Lunch Expenses

Pay attention on

• Category

• Account (Chart of Account) - Below are sample of Chart of Account

• Total (money)

• Expense Date

Post to Expenses Journal

Pay using Cash

Reconcile in Cash Journal

Expense is Paid

Sample 2: Internet Connection Expenses

Pay attention on

• Category

• Account (Chart of Account)

• Total (money)

• Expense Date

Post to Expense Bill Journal

Pay using Cash Journal

Reconcile in Cash Journal

Expense is Paid

Sample 3: Remaining will be added to Cash Balance

The remaining 10,000,000.00 IDR

Accounting Report

Bank Amount will be equal (but negative) to Cash Amount

The Liquidity Transfer Account will always be zero