How to work with cash transactions

Learn what's the purpose of having your cash transactions in ThinkOut.

Sorina Miron avatar
Written by Sorina Miron
Updated over a week ago

If beside your bank activity you are also making or receiving payments in cash, you should import it in ThinkOut in order to keep the precision of the financial reporting.

First, go to the Accounts and create a cash account.

After you have created the cash account, go to Transactions and click on Add transaction. Fill in the details and add your first cash transaction.

You can add multiple cash transactions by importing external files. Go to File Imports and follow the steps in this article.

Use the filters from Transactions and Cash flow if you need to check only your cash transactions - select only the cash account you need to visualise.

Add your cash withdrawals in your cash account in order to have an accurate financial reporting. If you withdraw cash from your bank account ThinkOut will identify this as an outflow, but you don't actually spend the money because it's in the cash register. Add your withdrawal as an inflow in your cash account and match the transfers between your own accounts. This way your financial picture reflects your business reality.

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