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Petty cash

Do you have petty cash that you use for small purchases like stamps, stationery or cupcakes for the team? There's many ways to manage petty cash, you could set a limit (such as $200) and replenish on a date each month, or just slip in $20 whenever the cupboards look bare. Regardless of your approach, you manage petty cash purchases similarly to a bank account: you deposit money into a petty cash account, record expenses against it and top it up with a transfer from another bank account (which could be an ATM withdrawal).

By default, your accounts list should have a petty cash account. Check your accounts list and, if you don't have one, set one up (it needs to be an Asset account with the Bank account type).