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Track Cash Withdrawals in QuickBooks – Tracking Cash Withdrawals as Petty Cash

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Track Cash Withdrawals in QuickBooks – Tracking Cash Withdrawals as Petty Cash

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  1. akkinad on Oct 27, 2012 reply

    Create a new bank account. Click Lists in the top menu bar, and then click Chart of Accounts. When the chart of accounts opens, hold the Ctrl and N keys
    Choose Bank under the type of account option. The Add new account window opens, enter the term Petty Cash into the name box.
    Transfer funds for the withdrawal using the same method as the Draw account.
    Scroll down to the Checking account in the Chart of Accounts list. Click on the Checking account
    Enter the date of the cash withdrawal. Enter your name in the “Payee” box and the amount of the withdrawal in the Payment box. In the Account, click the arrow and scroll up to find the Petty Cash account you just created. Click Record

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