How to set up automatic withdrawal

Hello Group:

(Quickbooks Pro 2006)

A car payment is automatically deducted from my bank account monthly. How do I set up this transaction in Quickbooks?

Many thanks.

Jack

Reply to
JClark
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Memorized transaction, auto enter, remember to set the number to enter.

Reply to
Gary Charpentier

Setup the first payment using Write Checks. Now memorize the check. When prompted, set it up to remind you each month on the xth day of the month. When you open the program on that day it will automatically prompt you to post that memorized transaction. Just say OK and the payment will be posted for you.

Reply to
Laura

Gary and Laura, I appreciate your advice. My wife is actually the one who does the quickbooks thing. Her problem is that the program wants to write a check when she does this, rather than just entering the transaction. I'll pass along your advice to her and report back. Thanks again.

Jack

Reply to
JClark

You still enter it as a check into QB--it is money coming out of the bank account. You just assign it a code (like EFT) instead of a check number and you don't need to print it.

Michelle L. Long, CPA, MBA Author of: Successful QuickBooks Consulting: The Complete Guide to Starting and Growing a QuickBooks Consulting Business

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Reply to
QBConsultant

I agree 100% (of course, you don't need my approval LOL)

Reply to
aps

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Reply to
JClark

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