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Evo-ERP and DBA Classic >> Payroll >> Bank Transfer instead of a check
http://www.istechforum.com/YaBB.pl?num=1127175946

Message started by kevind on 09/19/05 at 16:25:46

Title: Bank Transfer instead of a check
Post by kevind on 09/19/05 at 16:25:46

We have our medical reembursement deduction set up so that after each payroll
period we transfer the liabilites to AP, Cut a AP check, and then deposit it into
the checking account that the section 125 checks draw from.

I am now tracking this balance in DBA as another checking
account. Instead of writing the check and running it to the bank, I would like to
just make some kind of entry in A/P, and then transfer the funds
both in DBA, and online at the bank.

What entry do I need to make so that the A/P Vendor payable
gets reset to zero??

Title: Re: Bank Transfer instead of a check
Post by David Waldmann on 09/20/05 at 03:49:28

Why can't you just "write a check" from the new "checking account" and then do your online transfer? Just print it on blank paper or a real check if you want.

I do a somewhat similar thing for my credit card bill which is paid by EFT, except that I pay it from my regular checking account. I do everything just like a normal voucher except that I don't send the check in the mail.

Title: Re: Bank Transfer instead of a check
Post by kevind on 09/21/05 at 03:32:24

Yes, but after I "Write the Check" how do I add those funds into the other checking account in DBA??

Title: Re: Bank Transfer instead of a check
Post by JNAPIER on 09/21/05 at 06:06:18

kevind wrote:

Yes, but after I "Write the Check" how do I add those funds into the other checking account in DBA??

When you create a AP Voucher with your company as the vendor, use your payroll account # as the GL account on the voucher. When you pick and print it it will Debit your payroll account and credit your general account. This also gives you a good paper trail.

J