QuickBooks Corner – Tips & News about QuickBooks
By Sharon Wolfe, QuickBooks Certified Professional Advisor


How to make Monthly electronic payments automatically deduct from a checking account every month.

How to enter and memorize Automatic Payments taken from your Checking Account

  1. Select Banking: Write Checks from the menu.
  2. Fill out the check window completely (double check the amount and the account usage at the bottom of the check).
  3. Make sure the "To Be Printed" box is unchecked.
  4. Enter "EFT" as the Check No.
  5. Select Edit: Memorize Check from the menu.
  6. Fill out the Memorize Transaction window as appropriate. Make sure to choose Automatically Enter, and set the How Often, Next Date, and Number Remaining correctly.
  7. Click OK in the Memorize Transaction window.
  8. Click Save & Close to record the current month's draft.
  9. Now there is a memorized automatic withdrawal that will record in your check register and on your P&L correctly.

See you next month, at QuickBooks Corner…

QuickBooks Certified Advisors in your location can be found at www.QuickBooks.com under Support, QuickBooks advisors. 

A Certified QuickBooks Professional Advisor (as opposed to a QuickBooks Professional Advisor) has this designation because they have successfully completed a minimum of 16 hours of testing on-line with Intuit (makers of QuickBooks).

BizNet Magazine Supports:
Because It's The Right Thing To Do.

If You Entered This Page Through a Search Engine Or Any Other Framed Website Click Here To ReturnTo BizNet Online Magazine

Send mail to editor@biznetonline.com with questions or comments about this web site.
Copyright © 1997 ~BizNet OnLine Magazine
Last modified: November 08, 2002