Record Cash Advance in QuickBooks


Let’s start our article about the “Record Cash Advance in QuickBooks“.

To Record Cash Advance in QuickBooks: You would need to follow these steps:

  • Login to your account,
  • Open List > Chart of accounts > Accounts tab.
  • Now click on the New option.
  • As your account types, choose others and under the assets tab choose current assets.
  • Fill in the details of the account.
  • Click on the Save button when you are done.

Cash advance: Create it in your QuickBooks:

  • Start by clicking the gear icon. This you can find that on the top right panel of your quickbooks screen.
  • Click on the Settings and navigate to the Chart of Accounts.
  • Click New,
  • Under the categories tab, click other current assets.
  • Keep prepaid expenses as your detail Type.
  • Name your account as employee Cash Advance, this is basically recommended in QuickBooks. As this makes things easy and keep them more in sync.
  • Click on the Save button when done.

You can even give us a call at our QuickBooks support number and talk to our Proadvisor now.