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Denver
November 29, 2018
Solved

How to set up petty cash

I would like to set up a Petty cash account in quickbooks for self-employed but can't see how to do it. Can you help

    TaliaIAnswer
    Level 8
    April 12, 2019

    Dear Qbooks,

     

    I have read a few replies on this topic, and I think what you are saying is that you cannot set up a separate petty cash account on QuickBooks Self Employed. Is that right?

    How do we log cash transactions?

     

    Thanks

    Anna


    Hello Anna, The Self Employed product already comes with a Cash account as standard - you will not need to add this on. You can use this as your petty cash to add transactions to. You can not set up a separate account for it. Any questions just ask

     

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    7 replies

    Rasa-LilaMQuickBooks Team
    QuickBooks Team
    November 29, 2018

    Good day, Denver.


    It's a pleasure to see you here in the Community. I can point you in the right direction on how to set up a petty cash account.


    In QBSE, you can only use the Cash account when tracking transactions. Since you’ll need to create the petty cash account, you may want to consider subscribing to QuickBooks Online.


    You can use the trial version to play around with the program, without affecting your books. To subscribe, simply visit this website: https://quickbooks.intuit.com/uk/pricing/.


    If you wish to continue using QBO Plus, you have the option to cancel the current subscription. For the detailed instructions, check out this link: Cancel your QuickBooks Self-Employed subscription.


    We strive to deliver products that are well-suited to our customers' needs. Your suggestions are helpful in identifying the features our customers want the most for consideration in future enhancements.

     

    You can send feedback through the following link: https://selfemployeduk.uservoice.com/forums/308770-general.

     

    Thanksfor giving me the opportunity to help. Feel free to drop a comment below if you have questions about working in QBSE. I'm here to answer them for you.

    DenverAuthor
    November 30, 2018

    What is QBO, Ive only got the choice of self-employed which I have, Essentials or Plus. I though all of these were 'Online' packages/apps

    Anonymous
    November 30, 2018

    Hi Denver,

     

    Thank you for contacting the Community.

     

    QuickBooks Self Employed is a different product to Essentials or Plus, as they are targeted towards Small Businesses. As Self Employed records Self Assessments via the SA103F and the Small Business products (Essentials and Plus) record VAT they are separate products, and as my colleague mentioned you would need to create a different account to add petty cash accounts. 

     

    Please let me know if there is anything else I can help with. :)

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