set up & Use Petty Cash in QuickBooks
To set up and use petty cash in QuickBooks, start by creating a petty cash account. Go to the Chart of Accounts, click “New,” select “Cash and cash equivalents” as the account type, and name it “Petty Cash.” To fund it, record a transfer from your bank account to the petty cash account using the “+ New” > “Transfer” option. When using petty cash for small expenses, record each purchase as an expense from the petty cash account, specifying the correct category.
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