Why was a "cash on hand account" created?
Hello, does anyone know why this account was created with payroll expenses on it? My business checking account is connected with Automatic Tax Payments & it uses the money from that bank account, I do not understand why it would create another account for cash transactions. The company does not even accept cash.
I see similar transactions under my checkings account but with different dates, so what do I do from here, do I delete the cash on hand account, do I merge them or what...