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Subject Author Date
How to set up automatic withdrawal JClark 08-23-2008
Posted by JClark on August 23, 2008, 2:24 pm
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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

Posted by Gary Charpentier on August 23, 2008, 8:52 pm
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JClark wrote:
> 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

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


Posted by Laura on August 23, 2008, 8:55 pm
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> 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

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.


Posted by JClark on August 24, 2008, 4:44 am
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wrote:

>> 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
>
>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.
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

Posted by QBConsultant on August 24, 2008, 9:31 am
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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
http://www.SuccessfulQuickBooksConsulting.com
http://www.amazon.com/Successful-QuickBooks-Consulting-Comprehensive-starting/dp/14348106


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