how-to-track-petty-cash-in-daily-sales-receipt

QuickBooks Help QuestionsCategory: 9. General Questionshow-to-track-petty-cash-in-daily-sales-receipt
RA asked 4 months ago

Hi, if I spend cash out of my drawer to pay ‘cash on delivery’ vendors such as farmers and small businesses where we don’t have a charge account how can I track this appropriately in my daily sales receipt.  I want to be able to track the money out in its proper category such as ‘Food – Cost of goods’ or ‘Operational – Delivery’ or office expense.  I also want to track the tax spent so that it goes into my receivable and the vendor.
Since ‘Sales Receipts’ only record products should I create products and map them to the respective category in the chart of accounts?  How do I track vendor and vat paid?  Should I use a recurring Journal Entry instead?

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