Manage Petty Cash in Xero - Part 1

Record cash payments in Xero with money from petty cash. Learn how to set up a petty cash account in Xero and enter and reconcile transactions. Enter an opening petty cash balance. Add funds to your petty cash account. Enter and reconcile cash payments. Reconcile your cash balance and ensure the total in Xero matches your actual cash balance. Video links: ▶️ Manage petty cash with manual journals 👉    • Manage Petty Cash in Xero - Part 2   ▶️ How to enter your opening bank balance in Xero 👉    • Enter your opening bank balance in Xero   ▶️ How to import a bank statement into Xero 👉    • Manually import your bank statements into ...   Contents: 00:00 2 ways to manage petty cash in Xero 01:03 Step 1: set up a petty cash bank account 02:06 Step 2: add funds to petty cash 02:58 Enter an opening cash balance 03:54 Enter a bank transfer 05:16 Use your own money (funds introduced) 06:18 Cash sale 07:34 Manually reconcile a bank statement line (mark as reconciled) 09:25 Step 3: record payments and reconcile 09:37 Enter a spend money transaction 10:43 Import a precoded bank statement (fully reconciled) 13:25 Step 4: check your petty cash balance 15:57 Manage petty cash using manual journals #xero #pettycash #bank reconciliation