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
Go to the Lists menu and click Chart of Accounts. chart of accounts, cash drawer, pay-outs, petty cash, recording expenses, pay-outs, . 
Double-click your petty cash or cash drawer account to open the account register.
(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.
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.
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, .
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