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A direct withdrawal or direct payment transaction occurs when your bank electronically transfers funds from your account to someone else's account, either in the same bank or another bank. Examples of these types of transfers include payment of invoices, service fees, payment of payroll taxes, and direct deposit of employees' paychecks.

 To enter a direct withdrawal transaction
  1. Under Manage Records, select the Transactions tab.
  2. In the drop-down list, select General Ledger Transactions and click Go .
  3. Click Add/Edit Transactions, then Add.
  4. Select Direct Payment as the transaction source.
  5. Enter a checking account. Click Lookup to select an account in the drop-down list.
  6. Verify the post month and year are correct. Click the up and down arrows to change the posting period.
  7. Optional: Select Autofill Text? to display text from previous transactions in the Memo field. When adding additional transactions and entering text in that field, entries from the previous transactions in the session display in a drop-down list.
  8. If this is a reconciled transaction, select Reconciled.
  9. Enter a reference number, or click Next to assign the next available reference number.
  10. Enter the date of the electronic transfer or select a date in the calendar.
  11. Enter the payee or click Lookup to select a name in the drop-down list.
  12. Enter the payment amount.
  13. If necessary, enter a description in the Memo field.
  14. Enter a general ledger account to debit or click Lookup to select an account.
  15. Click OK.
 To enter a direct withdrawal transaction with multiple credit or debit accounts
  1. To enter the initial information, follow the steps above.
  2. Click on the Ledger tab.
  3. In the credits Account field, enter a general ledger account number or click Lookup to select an account.
  4. Enter the amount to credit the account entered in step #3.
  5. In the debits Account field, enter a general ledger account number or click Lookup to select an account.
  6. Enter the amount to debit the account entered in step #5.
  7. Repeat steps 3-6 as necessary to balance the transaction, then click OK.