Entering purchases using the Bank Register

Purchases Overview > Entering purchases using the Bank Register

Step 1: Select the account to which the items or services in the transaction will be assigned
Step 2: Enter details about the transaction
Step 3: Indicate which accounts will be affected by the transaction
Step 4: Choose what you want to do with the transaction

The Bank Register allows you to quickly and efficiently enter all your transactions for asset accounts with bank privileges or liability accounts with credit card privilege from one window. You can also view a complete transaction history for a selected date range of each of these accounts and open the source window of each transaction for more detailed information.

While the Bank Register is quick and convenient, it is not appropriate for every purchase transaction. Keep these points in mind:

The data entry area appears in the bottom portion of the window and the top portion displays the transactions in a scrollable list.

Note: The Bank Register window is a convenient tool for data entry, not the actual transaction window.

When you enter a Purchases transaction in the Bank Register window, it is as if you had opened and entered the information in the Miscellaneous layout of the Purchases window.

The list in the upper left corner of the Bank Register window displays only asset accounts with bank privileges and liability accounts with credit card privilege.

Click below for the step-by-step procedure:

Entering purchases in the Bank Register window