Bank entry

[Brucanna]

Read here you need to create/utilise a transaction clearing account

Transferring money between cash account and bank account

I have created a cash account in Petty Cash under “Cash Accounts”. Now when i am trying to allocate a bank “cash withdrawal” entry to account to Petty Cash…it does not show up in the account drop down list. is there any problem with the bank entry…? I have imported the bank a/c using a .qif file…and here is a sample cash withdrawal entry from the .qif file. D10/09/12 T-8,000.00 N905316 MJOJPR :- SELF LCNP ^ if i m not clear…here is the situation. The bank a/c has Rs.10,000/- and i prese…