You can enter checks and deposits directly in a bank account register instead of using the Write Checks window and the Make Deposits window to create the transactions. In QuickBooks, a bank account register can represent a checking, savings, money market, or petty cash account.
There are several reasons why you might prefer to work directly in a bank account register:
or
For example, if you converted a short-term asset into cash and you now want to add the cash to your checking account, you would enter the name of the short-term asset account.
The memo appears on all reports that include the transaction, and, in the case of checks, near the bottom of the check face.
Your company assets are the things that your company owns.
QuickBooks distinguishes between two types of assets:
QuickBooks sorts transactions by date. If you dated your transaction earlier than today, it may disappear from your view because QuickBooks moves it to its correct chronological position in the register.