How to set up a petty cash account?

1. Open the Chart of Accounts.
2. Click File, Create or click the Create icon or Ctrl+N.
3. In the Chart of Accounts Records, type the right asset number for the Account and the name Petty Cash (or anything else you prefer).
4. In the Account tab, choose the right Type of account (Subgroup Account or Group Account).
5. In the Class Options tab, choose the Account Type Cash.
6. Fill in any other information that is needed.
7. When done, click Save and Close.

Note: For more information on how to create an account in the Chart of Accounts, see Related Resources below.