DESKTOP EDITION CLOUD EDITION SERVER EDITION THEMES GUIDES FORUM
Guides

Set up a cash account

Cash accounts are used to record current transactions involving bills and coins. They are maintained by a business as physical repositories of cash. Possibilities include:

Enable the Cash Accounts tab

Before you can create a cash account, you must enable the Cash Accounts tab. Click below the left navigation pane, check the box for , and click Update. You will see the Cash Accounts tab added to the left navigation pane.

Create a cash account

Click the Cash Accounts tab, then New Cash Account:

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Define the cash account:

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Example
Brilliant Industries has one business bank account used to receive money from customers and pay suppliers and employees. The business also holds cash on hand to pay for staff amenities and other petty cash expenses. Brilliant Industries creates one bank account and one cash account:


View cash account balances

By default, all cash accounts are combined into an automatic control account named Cash on hand for Balance Sheet reporting:

Drill down by clicking the blue balance to see individual cash account balances:

Of course, you can also view individual cash account balances directly in the Cash Accounts tab.

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