How to move a credit card charge to petty cash?

NJBill · ‎March 03, 2020

Without deleting a credit card entry and reentering it in petty cash, is there a way to move the expence from one to the other? The expence has already been billed out. While reconciling I realised I entered it as a credit card purchase, instead of petty cash.

Thanks, Bill.

AlexV · ‎March 03, 2020

You don't have to delete it, Bill.

We can create a journal entry so we can transfer the expense transaction from your credit card to your petty cash. From the Company menu, click on Make General Journal Entries. Then, debit your credit card account and credit your petty cash. Also, you can ask some guidance from your accountant when creating a journal entry.

I've included these articles for your reference about reconciliation:

Please let me know if you need more help by leaving a comment below. Have a great day!

View solution in original post

AlexV · ‎March 03, 2020

You don't have to delete it, Bill.

We can create a journal entry so we can transfer the expense transaction from your credit card to your petty cash. From the Company menu, click on Make General Journal Entries. Then, debit your credit card account and credit your petty cash. Also, you can ask some guidance from your accountant when creating a journal entry.

I've included these articles for your reference about reconciliation:

Please let me know if you need more help by leaving a comment below. Have a great day!

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How to move a credit card charge to petty cash?

How to move a credit card charge to petty cash?

How to move a credit card charge to petty cash?

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