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DebatEntify
Level 1

Hi, I withdrew cash to make business purchases at a shop that does not accept cards. I have petty cash acc. How do I add on the banking page and the charge from machine?

 
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Best answer June 04, 2019

Accepted Solutions
GeorgiaC
QuickBooks Team

Hi, I withdrew cash to make business purchases at a shop that does not accept cards. I have petty cash acc. How do I add on the banking page and the charge from machine?

Hi DebatEntify,

 

 

To do this, from the for-review banking screen, transfer the amount withdrawn to your petty cash account by selecting 'Transfer' on the drop-down and choose the Petty cash account under 'Category'.

 

Then, create an expense for the purchase made using the cash. On the expense select the Petty cash account under 'Payment account', choose a category for the business expense and enter the amount paid.

 

If the charge from the machine is showing as a separate transaction in the banking for-review, you can add this in directly as an expense by allocating a bank charge/fee account. If it is included in the amount withdrawn, enter a separate line for this when creating the expense above.

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2 REPLIES 2
Rustler
Level 15

Hi, I withdrew cash to make business purchases at a shop that does not accept cards. I have petty cash acc. How do I add on the banking page and the charge from machine?

enter a payment from the bank, EFT instead of check number, in the detail part

line one, fee expense account, amount
line two, cash account, amount

save

 

then using the cash account enter your purchase

GeorgiaC
QuickBooks Team

Hi, I withdrew cash to make business purchases at a shop that does not accept cards. I have petty cash acc. How do I add on the banking page and the charge from machine?

Hi DebatEntify,

 

 

To do this, from the for-review banking screen, transfer the amount withdrawn to your petty cash account by selecting 'Transfer' on the drop-down and choose the Petty cash account under 'Category'.

 

Then, create an expense for the purchase made using the cash. On the expense select the Petty cash account under 'Payment account', choose a category for the business expense and enter the amount paid.

 

If the charge from the machine is showing as a separate transaction in the banking for-review, you can add this in directly as an expense by allocating a bank charge/fee account. If it is included in the amount withdrawn, enter a separate line for this when creating the expense above.

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