Best Practice for automatic withdrawals

Heidi Orth
Heidi Orth
in Blackbaud Financial Edge NXT® General Discussions

What is the best practice to record larger automatic withdrawals from checking account? Is a journal entry sufficient or should I run it through AP?

Comments

  • Kevin Brazell
    Kevin Brazell Blackbaud Employee
    Tenth Anniversary Kudos 5 First Reply Name Dropper

    @Heidi Orth
    if the withdrawal has nothing to do with an invoice, then JE or bank adjustment ( remember to post the bank adjustment). If it's based on an invoice, then AP process as normal.

  • Roberta A. Gilbert
    Roberta A. Gilbert
    Eighth Anniversary Kudos 4 Financial Edge NXT Fall 2025 Product Update Briefing Badge Name Dropper

    @Heidi Orth
    We run them through AP if the withdrawals are regular payments - the only difference being that we pay them via Bank Draft instead of by check. That way we have a record by vendor of what has been paid, and we can run AP reports which will include those vendors.

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