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Record petty cash expenses or cash drawer pay-outs

Record petty cash expenses or cash drawer pay-outs

petty cash

cash drawer

payout

paid out

When you pay for small, business-related expenses with cash, the easiest way to record these transactions is directly in the account register. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, . This allows you to track how much you spend and associate the purchase with an expense account. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, . If necessary, you can also include job and class information in the transaction. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, .

What if I used petty cash or cash drawer money to pay for personal expenses?

To record petty cash expenses or cash drawer pay-outs

  1. Go to the Lists menu and click Chart of Accounts. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, . Shortcut

  2. Double-click your petty cash or cash drawer account to open the account register.

  3. (Optional) Enter a payee. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, . Most small businesses don't track the payee for petty cash purchases.

  4. In the Payment column, enter the amount spent. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, . Then press Tab to move to the next line.

  5. Click the Account drop-down list and choose the appropriate expense account. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, . Click Splits at the bottom of the register if you need to record the expense for several accounts. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, .

  6. Click Record.

If you need to include more detailed information, such as to specify project-related customer or job information, you can double-click the transaction and record the information on the check form.

See also

KB ID# H_COA_TASK_PETTY_CASH_OR_CASH_DRAWER_PAYOUT
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11/23/2009 10:55:32 AM