How do I show a transfer of money from petty cash to checking bank account? I place money in petty cash until I have enough for a deposit to the bank.
This is fairly easy to record in QuickBooks.
To transfer the deposit from a petty cash account to checking account:
From the homepage screen > Create plus (+) sign at the top right > Other > Transfer
Transfer Funds From = Petty Cash Account
Transfer Funds To = Checking Account
Amount = Deposit Amount
This is just to record transfer transaction in QuickBooks only. You should have to do the actual deposit at your bank.
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