How To Record Bank Withdrawal in Accoxi?

Bank withdrawal means withdrawal of money from the bank account and the user can record it separately in Accoxi.

Bank Withdrawal

Bank Withdrawal

A withdrawal involves removing funds from a bank account, savings plan, pension, or trust. Bank withdrawal means withdrawal of money from your bank account at a bank. In acooxi the user can record the bank transactions like bank deposits and withdrawals. It helps the user to handle banking and business activities more effectively. Bank withdrawal means withdrawal of money from the bank account and the user can record it separately in accoxi.

How To Record Bank Withdrawal in Accoxi? (English)

This video explains about how to record bank withdrawal in Accoxi. Accoxi is a best Accounting Software in India which enables the user to record various bank transactions like bank deposits and withdrawals. Here users can record the Bank withdrawal information separately in the cloud accounting software, Accoxi which enhance your business activities.

Accounts Bank Withdrwal Dash

Key Features of Bank withdrawal

  • It enables the user to record all kinds of bank withdrawals.
  • Users can select instrument types like cash, cheque, DD, bank transfer, etc.
  • It helps the user to select a bank account or can create a new bank.
  • Users can add multiple withdrawals within the same bank and can enter narration, and party name in the withdrawal form.
  • It enables the user to save the withdrawal as a draft or as a voucher.

 

Steps to enter Bank withdrawal in Accoxi

  • Click on the Accounts module
  • Select Banking and then click on Bank withdrawal
  • From the Bank withdrawal Search option, Click on the New Bank withdrawal option
  • Withdrawal form opens
  • Enter the details
  • Click on save.

Bank withdrawal Search Table

Accounts Withdrawal Search

Menus available in Bank Deposit Search :

          Fields

      Description

1. Filter

The filter of transactions can be done in two ways-Either you can directly enter the transaction type into the search bar near the filter option or by clicking the filter dropdown.

Users can filter the data by transaction type, ledger name, ref no, canceled, or date.  If the transaction data can filter by using the date format, need to enter the starting date and the end date of the transactions. Data filter by transaction type include sales invoices, purchase invoices, bills, debit notes, credit notes, etc.

 

        

 

2. Refresh

If the latest data is not displayed, click on the refresh icon on the top left corner of the page to fetch the new data.

 

            

 

3. +New Bank Withdrawal

 The +new bank withdrawal is for users to conduct bank withdrawals and takes the user to the Bank deposit creation window

 

4. Export

The withdrawal list can be exported to Excel format. Click the Export button at the top right corner near the +New Bank Withdrawal button. Select the file location and click on save.

 

 

5. ledger View

 the Withdrawals made can be viewed in ledger format displaying the ledger accounts present in the transaction

6. View

The view menu enables the user to view the withdrawal contra invoice that has already been created.

7. More options

This Menu Includes An Edit Function And If The User Wants To Edit The Created Form, It Can Be Done By Using This Menu. After Clicking The Edit Option, The Invoice Form Will Appear On The Screen.

8. Cancelled Withdrawal Invoice

The canceled Bank Withdrawals are to be shown in red

9. Pagination Control

It Controls The Page Navigation And The Page Size. Page Size Can Be Set To 10, 20, 50, Or 100. And By Giving The Page Number In The Box And Clicking On The Go Button. It Jumps To The Said Page. 

 

+New Bank withdrawal

New Bank Withdrawal

           Fields

                       Description

Reference number

Reference number helps the user to identify withdrawals in records. It will be automatically appear on the withdrawal voucher and the user can’t edit the reference number.  

Instrument type

User need to select the instrument type that using for bank withdrawal. It includes cash, bank transfer, cheque etc. The user needs to enter the instrument number, instrument date and bank name in the case of every instrument type payment excluding cash payment.

 

Party name

User can use this field to enter the party name.

 

From bank account

User can select bank account on this field. If the user want to create a new bank with a bank name, then it can be done with the help of + icon.

 

Bank name

If the user select instrument type cash, then no need to enter the bank name. If any other instrument type is taken, then the user can add the bank details.

 

Instrument number

The user can add the instrument number     

 

Instrument date

The instrument date can be selected.

 

Narration

Here user can add additional explanation regarding the transaction.

 

To Account

User need to select the ledger name on this field. 

Amount

Enter the withdrawal amount on the amount field.

Save as Draft

After enter the withdrawal details, user can save the withdrawal voucher as draft. If the user select the draft format, then the user can select it from the accounts transactions and can verify it again or can edit before it saves as voucher.

 

Saves as Voucher

User can save the created withdrawal form as voucher by clicking the menu Save as Voucher.  

Clear

Clear menu is for clear or removing the entire data that is entered by the user.                         

Exit

Exit menu is used to go to the previous page without saving the payment made form.

Bank Withdrawal View

Accounts Withdrawal View

FIELDS

DESCRIPTION

1. Filter

can filter out the Withdrawals based on active, canceled, and drafts 

2..Refresh

If your latest data is not displayed, click on the refresh icon on the top left corner of the page to fetch the new data.

 

3. History

This menu helps the user to obtain the history details of the Bank Withdrawal.

OPTIONS AVAILABLE IN THE HISTORY WINDOW

  •  Comments and history shows all the edits and alterations of the Withdrawal. With the date of changes made, the user can enter any comments regarding the deposits made.

4. VIEW JOURNAL

It is the menu that shows the journal view of the transaction. The Journal view shows both debit and credit aspects of the amount.

5. Edit

 The Edit menu helps the user to edit or correct the details that are entered in the deposit.

6. Export to PDF

If the user wants to convert the deposit to PDF format, then the export to PDF option is available.

After clicking export to pdf, a save as directory option will appear and the user can opt the pdf file saving location

7. Print

The print menu helps the user to print the Withdrawal if required.

After clicking the print button it will redirect to print options where the user can select the printer, number of copies to take etc.

8. More  Features

 

In the More features option user can cancel the Withdrawal.

By clicking cancel, a validation message will pop up. Then click “YES” to cancel the withdrawal and click “NO” to cancel and close the option.

9. Pagination control

It controls the page navigation and the page size. Page size can be set to 10, 20, 50 or 100. By giving the page number in the box and clicking on Go button, it jumps to the said page.

 

After saving the withdrawal form, Accounts Search page will appear on the screen, saved form will appear on Accounts Search and user can view or edit the created withdrawal form.

Accounts search includes various menus and it shows all kind of transactions details here.  It shows the transaction date, transaction type, ref no, debit ledger, credit ledger, amount and the status.

Frequently Asked Questions?

01How do I make a Bank Withdrawal?

  • Go to Accounts Module =>select Bank Withdrawal option.
  • By clicking on the Bank Withdrawal option, it opens in to Banking Withdrawal form.
  • Enter instrument type, instrument no, instrument date, party name etc
  • Select the bank account
  • Give narration to the transaction
  • Enter the “from account” where the cash is going out from bank and enter amount and save as voucher

02Where can I view the Bank Withdrawal created?

The Bank Withdrawal vouchers are clubbled to Transactions Form under Accounts Module.

03How do I save Bank Withdrawal as draft?

  • Go to Accounts Module => Banking Withdrawal
  • Enter necessary data
  • Click on save as draft option at the bottom of the page
  • User can save the withdrawal voucher as draft for further alterations and can convert to voucher later

04How do I delete an entry in the Banking Withdrawal?

You cannot delete a transaction once created. The voucher can only be cancelled.

05How do I add new ledger in Banking Withdrawal window?

  • Go to Accounts Module => Banking Withdrawal
  • Use the + button near to the “From Bank Account” column to add new ledger.
  • After adding a ledger open the withdrawal form tab and refresh the “From Bank Account”,option inorder to view the currently added new ledger.

Are you sure,
You want to log out ?