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Record Cash Expenses

Don’t forget to record cash expenses just because these expenses tend to be small; these small amounts add up. When it comes time to filing your taxes, these forgotten expenses could cause you to overstate your income. To record your cash expenses in QuickBooks Online, take the following steps:

  1. Click the plus sign at the top of QuickBooks and click Expense in the Suppliers section.
  2. Choose a payee from the Payee dropdown list.
  3. Choose an account against which you want to log the expense. You may use a cash account for cash expenses.
  4. Enter the purchase date and select Cash as the Payment method.
  5. Choose an expense category in the Account dropdown list.
  6. Enter a description and amount for the purchase.
  7. If you paid a sales tax, specify it in the sales tax field.
  8. Click Save to save the data.

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