Good morning all,
I have taken some money out of my business account to pay for something for my showroom as the shop where I bought the item from didn't accept card. How do i record this transaction on quickbooks? Would it be classed as petty cash? I have a hand written receipt from the shop and the withdrawal slip from the bank.
Thank you
Hello Lucie0906, Thanks for contacting the Community! If you withdrew money from the business account to pay for a business expense yes you could record that as petty cash it would be a case of transferring(+ symbol in the top left and transfer) what you withdrew to cash at bank and in hand chart of account which you can set up as petty cash and then when you create the expense using that account as the account paid from,
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