This procedure is used to record a miscellaneous charge or reduction to a bank account balance. This option is used only for charges that are not associated with accounts payable or accounts receivable activity. Examples of miscellaneous charge transactions might include check printing charges, interest expense charges or other items that are directly charged to the Bank account by your bank.
When this option is used, the system creates a bank record to record the bank transaction and it also creates a journal entry to record the change to the selected cash account, and the other account used for the charge.
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