We have recently decided to stop using petty cash and in turn the cash drawer in MYOB.
We have exhausted all actual cash through purchases except for 10 cents which has now been deposited into our bank account.
How should I account for this 10 cent deposit, reconcile the cash drawer and close it for good?
Hi Ben_S,
Thank you for your post.
My apologies for the delay in getting back to you. In this matter, you can record a journal entry to write off the amount so you will be able to reconcile. Please refer to this Help article, Adding and Finding Journal Entries, which has detailed information to assist with this. I'd also recommend reaching out to your accountant for further assistance.
Feel free to reach out if there's anything else I can help you with.
Cheers,
Princess
