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July 28, 2020
Question

I received cash for sales and banked it from the petty cash how do i enter the deposit into the bank

  • July 28, 2020
  • 1 reply
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1 reply

Level 9
July 28, 2020

I've got you covered today, colleenw-yebo-co

 

You can create a Transfer transaction to deposit the received cash from sales from petty cash to your bank. I'll show you how to do it by following the steps below:

 

  1. Click the +New icon.
  2. Under Others, choose Transfer.
  3. From the Transfer Funds From, choose Petty Cash. Then, choose the correct bank where you want to deposit the cash from the Transfer Funds To.
  4. Fill in the necessary information.
  5. Click Save and close.

Here's an article for additional information about the process of transferring funds in QBO: Transfer funds between accounts.

 

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