We have withdrawals coming out of the checking account each month automatically for things like payroll, child support, and other ACH payments. We are treating these as bank adjustments since there are no payables being recorded but would still like to run a report which shows cash availability, taking into account these withdrawals, whether they have posted or not.
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I have thought about creating a different bank statement for the month which posts only those ACH payments so that I can run the GL Summary report and see all posting including bank adjustments and know what the cash balance is at anytime.
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Anyone else run into this?
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I have thought about creating a different bank statement for the month which posts only those ACH payments so that I can run the GL Summary report and see all posting including bank adjustments and know what the cash balance is at anytime.
Â
Anyone else run into this?
[Non-text portions of this message have been removed]