Journal Entry

JeanineH · February 7

I don't have a cash account.

This is for a rental account: I paid an invoice with personal cash and would like to enter it against the rental. I am not looking for reimbursement but would like it to show as an expense. How can I accomplish this?

Thank you for any consideration.

Jeanine

NotACPA · February 7

If you don't have a Cash account, I don't know of any way to record a cash paid amount, although there may be other ways to record this payment.

How is the Invoice recorded?

And, your profile states that you don't have Quicken. Is that accurate?

UKR · February 9

And that's why I would recommend that you do create a Cash account register in Quicken.

To put money into the Cash account register, record your Cash withdrawal from the checking account as a transfer to the Cash account, e.g., Category = [name of Cash account] enclosed in square brackets
To record the cash payment, create an expense transaction and categorize to a Rental Expense category. If the expense applies to one of your rental properties, also tag it with the name of the property

For example:

Quicken Anja · March 7

Hello @JeanineH,

We haven't heard back from you in a while. Do you still need assistance?
If so, could you please provide the answers to @NotACPA's questions? Were you able to give @UKR's suggestion a try?

Check back and let us know! Thank you.

Quicken Anja · March 14

Hello again,

Checking in once more before this thread is closed.
Let us know if you still need assistance.

Thank you!

Quicken Anja · March 21

Hello again,

Due to the lack of response, I went ahead and closed this post.

If you still require assistance, please feel free to start a new post.

Thank you!

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