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Transfer of petty cash
I want to transfer 99 dollars from Petty Cash to paid the
annual fee for bivio to show it as a tax deduction, but the
only choice I have in non deductionable. How do I handle
this transaction?

Sally Joe
Sally Joe, Petty Cash is not a particularly good idea, and was never meant
for legitimate club expenses. Since you have some money in there, you could
transfer it to your regular cash account, and then enter a normal expense
for the bivio renewal, which you can then make deductible as it should be.
Gene Rooks, Orlando
Sally Joe Kimbel writes:
> I want to transfer 99 dollars from Petty Cash to paid the
> annual fee for bivio to show it as a tax deduction, but the
> only choice I have in non deductionable. How do I handle
> this transaction?

We strongly recommend and have always recommended you close out your
petty cash account. Simple enter a non-deductible expense for the
total balance in Petty Cash, and then a *negative* expense for the
same amount in the account where the money actually resides.

If you email support@bivio.com, we'll create the entries for you.

Cheers,
Rob