How to enter petty cash transactions

cgedgarg989 · ‎December 10, 2018

I enter a transaction and use petty cash, but I never wrote a check to petty cash, is ok?

Anonymous · ‎December 10, 2018

Petty Cash should be set up as a "checking type account."

To add money to Petty Cash, make a deposit and choose Petty Cash.

To subtract money from Petty Cash, write a check (don't print one, just record it as being written.)

qbteachmt · ‎December 10, 2018

"but I never wrote a check to petty cash, is ok?"

No; you overlooked "where did this money come from?"

Petty Cash is a Bank type of account. You count the money on hand and use that value to Reconcile your PC bank type of account in the bookkeeping.

Yours is just running negative.

Banking