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Closing a checking Account to Cash

Posted: Thu Aug 17, 2023 12:12 pm
by KnoxChurchLis
I have a Library Account at one bank that was closed to cash to be deposited to the General Fund account at a different bank.
I have credited the one bank account but what do I debit?

Re: Closing a checking Account to Cash

Posted: Thu Aug 17, 2023 4:35 pm
by Zorak
You would debit the bank account where the money was deposited.

Re: Closing a checking Account to Cash

Posted: Tue Sep 12, 2023 12:12 pm
by JuliePastorMom
I'm a brand new user with no background in accounting but as the Pastor's mom I was drafted into service. We changed banks just as I was starting and I don't understand how to enter everything to reflect this. I tried what was suggested here but the old account doesn't balance, and now the new account doesn't balance either. I don't find anything in the manual on how to do this.