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Status Answered
Created by AgExpert Support
Created on Dec 4, 2022

Disqus Agexpert Accounting Questions Archive

I entered invoices as payable charge, as they had not been paid yet. Now I have paid them by e-transfer, not cheque. How do I record this?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Kathryn! Assuming the payment source for the e-transfer is the same as a cheque would have been (ie a chequing account or the like), you would enter with the same type of Withdrawal transaction as you would have with a cheque. In the reference box you could enter something other than a cheque number, like perhaps "e-transfer" or a transfer number of some kind.

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