A photothermographic material containing an image forming layer having at least a photosensitive silver halide, a non-photosensitive organic silver salt, and a reducing agent for the organic silver salt on one side of a support, and a first non-photosensitive layer containing a dye fixing agent for a water-soluble dye, a second non-photosensitive layer disposed between the support and the first non-photosensitive layer, and a third non-photosensitive layer forming an outermost layer on the other side of the support, wherein at least one layer among the first, second and third non-photosensitive layers contains the water-soluble dye. The invention provides a photothermographic material which exhibits high image quality and excellent image storability, and a manufacturing method thereof.