Working for a company now that deals a lot with cash transactions. I can give them qb reports on all the checks and such BUT the picture is not accurate if I don't track the cash transactions.

Do I start a qb called cash on hand and make it a bank? Equity? Expense?

Thanks in advance.

Yes you can make a cash account a bank account or make it an asset account. It is easier to use the banking functions since you might want to make transfers but these will usually be handled with the cheque and deposit functions Recording of transactions is easier using the cheque function than using the journal.

If your cash in hand is for minor transactions you have a cash float which you reimburse regularly and the transactions are recorded when you allocate the payment thus the balance on the cash account remains static. Another way around this is to provide employees who make expenditure with a credit card and have a bank account for each card