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Have a question. I am by no means an accountant and this is certainly not my strong suite but here goes. Our organization (non-profit) held an event where we received and made deposits to our checking account. however in order to cover our silent auction we withdrew cash from the account over the counter at the bank. Question is how do we record this transaction in QB? I looked at some QB videos stating to create a cash bank account or petty cash and use that. Ex. $900 was deposited in the account then $300 was withdrawn. How is this recorded? Any assistance is appreciated!
Solved! Go to Solution.
Thanks for giving me the opportunity to help you today, fordacf.
To handle this, you can create a Petty Cash Account or Cash Bank Account and write a check using the said account to record your cash withdrawals in QuckBooks Desktop.
Here's how to create a Petty Cash Account or Cash Bank Account in QuickBooks:
For more insights about managing accounts in QuickBooks Desktop, you can refer to this article: Create, edit, or delete account in QuickBooks Desktop.
Then, you can create a check and make sure to use the Petty Cash as your Bank Account.
Here's how:
You can read through this article to learn more about managing checks in QuickBooks Desktop: Create, modify, and print checks.
If there's anything else that you need help with, just let me know. I'd be more than happy to assist you further. Take care and have a great day a head.
Thanks for giving me the opportunity to help you today, fordacf.
To handle this, you can create a Petty Cash Account or Cash Bank Account and write a check using the said account to record your cash withdrawals in QuckBooks Desktop.
Here's how to create a Petty Cash Account or Cash Bank Account in QuickBooks:
For more insights about managing accounts in QuickBooks Desktop, you can refer to this article: Create, edit, or delete account in QuickBooks Desktop.
Then, you can create a check and make sure to use the Petty Cash as your Bank Account.
Here's how:
You can read through this article to learn more about managing checks in QuickBooks Desktop: Create, modify, and print checks.
If there's anything else that you need help with, just let me know. I'd be more than happy to assist you further. Take care and have a great day a head.
Thank you! This resolved this issue! Much appreciated!
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