Making sure you enter your cash receipts in properly is very important because as business owners and bookkeepers, we want to make sure we don’t miss any write off… right?!?

In this video, I’ll be sharing with you a few ways to enter your petty cash/cash draw transactions including how to add deposits and enter your expenses.

I’ll also cover how to enter expenses the owner gives you whether they/you want to add them as owner contributions or if they want to be reimbursed through a check.

Are you ready to jump in… don’t forget to grab a pen and paper to take notes 📝.

Let me walk you through it step-by-step so that you’re confident entering cash expenses in QuickBooks.

If you’re looking for the Desktop version of this video click here

**Grab your Receipts

Setting up Petty Cash Account in Chart of Accounts

• Go to Accounting
• Chart of Accounts
• Click New
• Choose banks
• Save Account under – Bank Accounts
• Tax Form Section
• Cash on Hand
• Account Name
• Description
• Click Save

Entering Transactions

• You can go straight to the Register from the Chart of Accounts
• Add details
  • Date
  • Account
  • Payment amount
  • Account (Sub-account)
• Click Save

Or

• Go up to +New and enter Expenses

Putting Money in Petty Cash Account

• In the Register, choose add deposit
• Add details
  • Date
  • Account
  • Deposit amount
  • Account (Sub-account)
• Click Save

Entering Expenses (Journal Entry)

• Go up to +New and choose Journal Entry
• Add Accounts, Debit and Credit side amounts
• Click Save

Add New Entering Check back

• Go up to +New and choose Check
• Add details
  • Payee
  • Bank Account
  • Payment Date
  • Category
  • Amount
• Click Save and Close

______________________

Have you been using QuickBooks for a while, but when you pull a report you just don’t understand what it’s saying?

Does the idea of going to see your tax professional sound a little stressful and maybe cause you to feel like you want to pull your hair out?

I would love for you to join me on my customizing QuickBooks workshop.

I’ll be sharing:

• The most efficient way to track your Income and Expenses.
• How to create accurate reports in order to view how your business is actually doing and stop second-guessing yourself.
• Where to get the data you need to make the best decisions to grow your business.

And the #1 SECRET to feeling confident at your next tax appointment.

I’m excited to see you on the workshop!

Click here to save your seat  → Join My Free Workshop!

🙋🏻‍♀️ I’d love to connect with you on Instagram or Facebook

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