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steve9595
January 19, 2022
Solved

Petty Cash in QB Self Employed

  • January 19, 2022
  • 1 reply
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How can I add a petty cash account or manage petty cash withdrawals/transactions in Quickbooks self employed?

I know in QB online you can do this in chart of accounts. I cannot work out what to do in SE. It's driving me nuts and I am sure it's a simple solution.

cheers

Steve

Best answer by ReymondO

It's good to see you here, steve9595.

 

The option to create a petty cash account is unavailable in QuickBooks Self-Employed (QBSE). The software is only designed to connect bank accounts but not to create one. This option is only available in QuickBooks Online.

 

As a workaround, you can track your balances outside QuickBooks Self-Employed using a third-party application. Alternatively, you can manually add the transactions in the system. Then, enter a description to classify petty cash transactions.


Here's how:

 

  1. Go to the Transactions tab.
  2. Select Add transaction at the upper right hand of your
  3. Enter your transaction details. Then, click Save.

 

I'm adding this guide for details: Add a new transaction in QuickBooks Self-Employed.

 

In case you need help with other tasks in QBSE, you can browse specific topics here.

Keep me posted in the comment section down below if you have any other questions. I'm always around happy to lend a helping hand.

1 reply

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ReymondOAnswer
January 20, 2022

It's good to see you here, steve9595.

 

The option to create a petty cash account is unavailable in QuickBooks Self-Employed (QBSE). The software is only designed to connect bank accounts but not to create one. This option is only available in QuickBooks Online.

 

As a workaround, you can track your balances outside QuickBooks Self-Employed using a third-party application. Alternatively, you can manually add the transactions in the system. Then, enter a description to classify petty cash transactions.


Here's how:

 

  1. Go to the Transactions tab.
  2. Select Add transaction at the upper right hand of your
  3. Enter your transaction details. Then, click Save.

 

I'm adding this guide for details: Add a new transaction in QuickBooks Self-Employed.

 

In case you need help with other tasks in QBSE, you can browse specific topics here.

Keep me posted in the comment section down below if you have any other questions. I'm always around happy to lend a helping hand.

    R
    RobRich
    July 11, 2022

    I have just signed up to QB self employed and found this problem with no facility to add a cash account.

    I have to say that to create accounting software for self employed people that has no facility to receive or make cash payments is fundamentally useless.

    Third party workarounds just add time and complexity. As a previous QB user I am very disappointed.

      G
      GeorgiaC
      July 11, 2022

      Hi RobRich, thanks for joining this thread - you can record cash transactions in QB self-employed without a third-party app, simply navigate to transactions > add transaction and enter the payment details. This will then post under the default 'cash' account which you can select on the 'account' filter.

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