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    LikeNu's Avatar
    LikeNu Posts: 1, Reputation: 1
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    #1

    May 25, 2016, 12:24 PM
    How to record deposit of an employee check cashed out of petty cash?
    A small bonus checks was issued to an employee. The employee cashed the check from Petty Cash but we don't account for the petty cash acct in QB. Now I have to deposit this check back into our bank account in order to get it to show as paid out. How do I record this transaction? It is not income to the company, nor a refund.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    May 25, 2016, 10:16 PM
    Let me ask you a hypothetical question; what would you do if you were going to bank part of the petty cash float? This cheque is part of the petty cash float, it should be cashed in to restore the float or banked to the float account and redrawn as cash
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