1000 Cash on Hand
The default ledger account for physical cash: petty cash, the till, a cash drawer.
In Solo Superstars
Add a bank account of type cash and it pairs with this ledger account. Cash sales at a market or a petty-cash box are recorded here, not in Checking.
Example
A $60 cash sale at a pop-up: debit 1000 Cash on Hand 60, credit 4000 Sales of Product Income 60.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- petty cash
Related
- 1010 Checking — The default ledger account paired with your primary business checking account. Most money in and out passes through it.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.