Withdrawing Money from a Bank Account

You can record transactions such as ATM cash withdrawals in TireMaster by making withdrawals from a bank account. When you enter a withdrawal in TireMaster, you can post it to a vendor’s subledger account, a customer’s subledger account, or neither.

Note: Although withdrawals do not result in a printed easy check, they are identified with the document-type code EC. Similarly, if you create a withdrawal that posts to a customer or vendor subledger, the JE Edit Report produced in such a transaction includes the description “AR Easy Check” or “AP Easy Check.”

To withdraw money from a bank account

1. On the General Ledger menu, select Check Reconciliation. The Check Reconciliation screen appears.

2. Select the bank account from which you want to make a withdrawal.

3. Click Add. The Check Reconciliation Add screen appears.

4. For the transaction type, select Withdrawal.

5. To backdate or postdate the withdrawal, change the entry in the Date field.

6. Define how the withdrawal should be handled:

To post the withdrawal to a vendor’s subledger account, select AP and look up the vendor when prompted.
To post the withdrawal to a customer’s subledger account, select AR and look up the customer when prompted.
For a withdrawal that should not post to a vendor or customer subledger, select Other. Then type the name of the payee.

7. Type a memo, reference (such as a document number), or both if needed.

8. Enter the amount of the withdrawal:

If you’re posting the withdrawal to a vendor or customer subledger, type the amount in the lower-right corner of the screen.
If the withdrawal should not post to a vendor or customer subledger, click Add. Then enter the account number, account name (description), and amount of the offsetting entry.

9. Click OK. TireMaster prompts you to complete the transaction.

10. Click Yes. The Report Window opens and displays the JE Edit Report.

11. Print the report and close the Report Window.