Set up a bank account to represent your cash expenses. Rather than being an actual bank account, set up a special bank account for cash only. As this account is for cash only, you can't reconcile it. Create a petty cash account If your business has a petty cash account for everyday purchases or costs, you can create it in Sage Accounting to record these transactions. Follow our article to create a petty cash account.
Record petty cash payments Enter details of the cash you've spent and track your petty cash balance. Follow our article to record petty cash payments.
Record a transfer of money in and out of your Cash Account Record a cash transfer When you need to add to your petty cash and you take money from another bank account, record this as a bank transfer. Follow our article to transfer money into your cash account. Record a cash deposit When you pay cash into another bank account from your cash accounts, record this as a bank deposit. Follow our article to transfer money out of your cash account. |