Announcement

Collapse
No announcement yet.

Cash remaining in the cash register is $2.45, Petty Cash Journal shows $2.69???

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Rustler
    replied
    I create an expense account called Cash Over/Under and post the differences there using a journal entry. I have seen some use an income account for this too.

    Leave a comment:


  • Cash remaining in the cash register is $2.45, Petty Cash Journal shows $2.69???

    Hi there,

    On the Petty Cash Journal in QB, the cash balance is $2.69, yet in the cash register it is $2.45.

    I know this is an immaterial amount, however I would like to know what it is the technically correct way for me to account for this?

    Thanks.
Working...
X