Petty Cash

1

There are some issues as stated below:-

  1. I wish to transfer petty cash from bank account using journal entry. But when I do the double entry which credit bank account and debit petty cash, there is no petty cash account selection for me to do so, how to settle this?

  2. if I create another petty cash account under asset and have transfered $500 from bank to petty cash account, but the petty cash on hand account under the Summary Screen still zero in value.

  3. When I paid for purchase invoices from spent money tab, and choose to pay from petty cash was not reflected from the petty cash on hand too??

Any suggestions?

2

You need to enable cash account by clicking customize at the bottom then tick Cash Accounts.
Cash Accounts will then be shown in your list of tabs.

3

I have the cash account shown in the list, but not appear when I do the journal entry. There is no petty cash account to choose from so I couldn’t debit any amount to petty cash account. Thanks

4

You cannot transfer cash by journal entry anymore.
You have to go into your bank account and transfer money to cash account.

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