I want to set up an account to track cash expenses but can't figure out how to do it. Please help!
How do I set up cash expenses?
Oct 01, 2005
2 Replies
Create a new 'bank' type account called cash. You can put money in it like petty cash funds and then issue payments as checks or directly in the register.
I use a journal entry for mine, I have a sole prop type business so money is draw I get so I just enter a credit to draw and a debit to the expense item. Much simplier for me this way.
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