Exchange between cash accounts

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The Cash & cash equivalents account in the balance sheet on the Summary page includes all types of cash accounts, including bank accounts, credits cards, PayPal, petty cash, etc. Click on the balance and you will see components. Or click on the Cash Accounts tab.

You cannot record any transaction involving the movement of money under Journal Entries. All must be entered under Cash Accounts.

To move money between cash accounts, click on Transfer money. Read this Guide:

Set up a cash account

Cash accounts are created to record money received or spent from accounts held with financial institutions, including current/checking accounts, savings accounts and credit facilities. Cash accounts can also be used for petty cash imprest accounts and cash floats. Before you create the first cash account, you need to enable the Cash Accounts tab. To do that, click Customize under the list of tabs. [image] Select Cash Accounts option. [image] And click Update button at the bottom to confirm…