How do I set up cash expenses?

Oct 01, 2005 2 Replies

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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…

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JACK BERNDT 21 years ago

I want to set up an account to track cash expenses but can't figure out how to do it. Please help!

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none 21 years ago

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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