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Put money into petty cash or a cash drawer

Once you've set up a petty cash or cash drawer account, you need to put money into it, and then record that money transfer in QuickBooks.

To do this task, you can:

What if later on I need to increase or decrease the base amount in a cash drawer?

As you receive cash from your daily sales, the transactions you record will increase the Undeposited Funds account. You can increase or decrease the balance (base amount) in the cash drawer account, but you must be sure to record a transaction when you make the deposit.

  • If you're increasing the base amount of cash in the cash drawer, enter an additional line on your daily deposit that includes the cash drawer account and the amount of the increase to the cash drawer's base amount. Since your deposit transaction is going into your bank account, enter this amount as a negative number indicating that you are holding back cash from the bank deposit and putting it into the cash drawer account.

  • If you're decreasing the base amount of cash in the cash drawer, you'll have additional cash to deposit. When you record your deposit, enter an additional line on the deposit that includes the cash drawer account and the amount of the decrease in your base amount. Enter the amount as a positive number.

See also

KB ID# H_COA_TASK_PETTY_CASH_OR_CASH_DRAWER_ADD_MONEY
9/2/2014 4:44:29 PM
PPRDQSSWS400 9102 Pro 2013 1e7cd3