Money withdrawn from your bank account should be recorded under
Statement balance column.
When you click on the amount under
Statement balance column, you can click
Spend money button to record new transaction.
Every recorded transaction must be properly categorized. For example, if you have spent
200 for telephone, you would record it like this:
You can also split the amount across multiple expense categories. This is useful if spent money represents paying off credit card.
You are not restricted to use only simple expense accounts to categorize your bank payments. If money has been withdrawn by business owner set up under
Capital Accounts tab, you can select their account too.
If money has been paid to supplier set up under
Suppliers tab, select
Supplier credits account. This will allocate the money spent automatically against their outstanding purchase invoices.
Or allocate spent money against specific purchase invoice.
As you can see, it’s all about specifying the correct account or accounts to categorize all money spent.