How to process entries in Quickbooks for cash kept in the safe
Our church keeps some cash in the safe for approximately 2 ministries.
We do not deposit these funds in any of our bank accounts. We're keeping track of the withdrawals & deposits on a spreadsheet but these funds/transactions haven't been included in the financial statements at year end.
They are not captured in our current accounting system. We are moving to Quickbooks and I'd like to keep track of these transactions in Quickbooks so our books will be accurate. Keep in mind this is not petty cash, this is cash for 2 ministries.