Moving money from "Business Checking" to "Cash-on-Hand"
Greetings, all! This is my first - and surely not my last - post, as I bravely try for the first time to do my own accounting - ulp! The instruction for "How to create a transfer between two accounts" is not working for me when I want to transfer money from "Business Checking" to "Cash-on-hand," aka petty cash. I am getting a message that says: "Failed: Cannot create transfer with that pair of transactions." What I am doing (in real life) is removing working capital from Business Checking in cash, to use for the cash payment of business expenses. Later I will show these expenses as being paid from "Cash-on-Hand" -- but first I have to move the cash into Cash-on-Hand from Business Checking - right? How should I show that in Wave? Thanks in advance for your kind reply - !