How to manage petty cash
Watch this tutorial to learn how Xero can help you manage your petty cash by setting it up as a bank account in the system. You’ll also learn how to:
– account for money transferred from your bank account into your petty cash
– create spend money transactions to account for day-to-day sundry expenses
– create received money transactions to account for any money added into your petty cash but is not from your bank e.g. owner putting money into petty cash using his own money