Tracking petty cash expenses

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Banking > Tracking petty cash expenses

Tracking petty cash expenses

Most businesses keep a small amount of cash handy at the office for miscellaneous expenses—postage, staff amenities, and so on. You can track this petty cash amount separately by using a petty cash account and allocating any miscellaneous expenses to that account.

Check your accounts list for an account named ‘Petty Cash’. If it doesn’t exist, you need to create it. For information on creating an account, see ‘Setting up accounts’ on page 25.

To transfer money to your petty cash account

To allocate expenses to the petty cash account

■	Spending money

■	Transferring money between accounts

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