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September 7, 2021
Question

How do I deposit cash on hand and the steps. Not to Bank.

  • September 7, 2021
  • 1 reply
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1 reply

September 7, 2021

Thank you for joining us here in the Community, @deondejager-mweb.

 

I'm here to help you deposit or record the cash on hand to your QuickBooks Online account.

 

First, you need to create a Cash on Hand account or a Petty cash account.

 

Here's how:

 

  1. From the left menu, go to Accounting, then choose Chart of Accounts.
  2. Click New.
  3. Choose Bank under Account type and Cash on Hand under Detail Type and Name.
  4. Hit Save and Close.

 

To deposit, follow the steps below:

 

  1. Go to +New, then choose Bank Deposit.
  2. Under the Accounts section, select Cash on Hand.
  3. Enter the details under Add funds to this deposit.
  4. Click Save and Close.

 

I'm also adding these articles to learn more about the Chart of Accounts and Deposits:

 

 

You can check on this article as your guide in reconciling your accounts: Reconcile account in QuickBooks Online.

 

Know that I'm always here to help if you need additional assistance. Have a great day.