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lschwartz3648
Level 1

An ATM was used to receive money to pay a Restaurant bill. How toI record that as a transaction?

How do I record that transaction?
2 Comments 2
Rubielyn_J
QuickBooks Team

An ATM was used to receive money to pay a Restaurant bill. How toI record that as a transaction?

Let me help record this transaction in QuickBooks Online, @lschwartz3648.

 

To start, we can create a petty cash account. Petty cash is a convenient supply of cash you can use to pay small expenses. 

 

Here's how: 

  1. Go to the Gear icon  and then choose Chart of Accounts.
  2. Select New.
  3. From the Account Type drop-down▼ menu, choose Bank.
  4. From the Detail Type drop-down▼ menu, select Cash on hand.
  5. Enter Petty Cash for the account name.
  6. You enter the opening balance when you move money from the checking account by transferring funds. If you already have money to use for petty cash, enter the amount in the Balance field, and select the as of date.
  7. Once done, click Save and Close.

Then, let's create a bank transfer. I'll show you how: 

  1. Select the + New button.
  2. Under Other, select Transfer.
  3. From the Transfer Funds From drop-down menu, choose the bank account that the funds are coming out of.
  4. From the Transfer Funds To drop-down menu, select the bank account the funds are being deposited into.
  5. In the Transfer Amount field, enter the amount being transferred.
  6. Edit the Date.
  7. Once done, click Save and close or Save and new.

Lastly, create an expense using the petty cash account. 

 

I've also added this article that can guide you on how to record a bill payment in QuickBooks Online: Record a bill payment by EFT, ATM card, or debit card.

 

Feel at ease to let me know if you need further assistance in recording transactions into QuickBooks Online. I'll be more than happy to help. Keep safe and have a pleasant day.

lschwartz3648
Level 1

An ATM was used to receive money to pay a Restaurant bill. How toI record that as a transaction?

That was a great answer.  I used it and it worked.

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