Billing
Deposit cash, withdraw cash or move money between banks
Record the money you move between your till and your bank accounts.
Before you start
Who this is for
Businesses that chose “track cash and bank here”.
Before you start
- Your cash and bank accounts set up in Smart Books.
Steps
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Step 1: Open the right screen
Under Money, choose Bank deposit to put cash into the bank, or Bank withdrawal to take cash out. To move money between two bank accounts, use Transfer between banks.
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Step 2: Pick the accounts and amount
Choose the cash and bank accounts involved, the amount and the date.
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Step 3: Save
Save the entry. Smart Books posts it as a contra entry between your own accounts.
What happens next
Your cash in hand and bank balances are correct, which makes your end-of-day check and bank matching easy.
Questions
Is a deposit counted as income?
No. Moving your own money between cash and bank is not income or expense — it only changes where the money is.
Ready? Try it now.
Open Billing in a new tab and follow along.