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Flashback69
Level 2

Cash payment of expenses

What is the best way to enter owners cash payments of expenses?  Currently I am entering as a journal entry but then the expense doesn't show for the vendor.  Any better ideas?

 

Smiles,

Diana

Solved
Best answer January 08, 2021

Best Answers
john-pero
Community Champion

Cash payment of expenses

Set up a dummy Cash clearing bank account. Or use your existing Petty Cash account. Record payments out. Make deposit from Owner Contribution (equity account) to zero out the clearing account

View solution in original post

1 Comment
john-pero
Community Champion

Cash payment of expenses

Set up a dummy Cash clearing bank account. Or use your existing Petty Cash account. Record payments out. Make deposit from Owner Contribution (equity account) to zero out the clearing account

View solution in original post

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