How to record income

Good day, Desines.

I'd be delighted to share with you some information on how to record income via the QuickBooks Desktop.

To answer your questions, yes, you can deposit the income to your petty cash account.

Even if you're not using a real bank account, your income and expenses should zero out. I'd suggest consulting an accountant to guide you with zeroing out your petty cash account. Your accountant can provide more expert ways of dealing with this concern.

You may find this article helpful: Understand QuickBooks Chart of Accounts.

As always, if you need more help with QuickBooks, you can call our dedicated team who will be happy to assist you. Our contact details can be found here along with our opening hours:

1. Go to: https://help.quickbooks.intuit.com/en_US/contact.
2. Choose your QuickBooks Product.
3. Select your QuickBooks version.
4. On the Contact Us page, click a topic.
5. Click on the Get Phone Number button to see the support number.

If there's anything else I can help you with, please leave a Reply below. I'll be around to help.

Here's your prior topic for Bringing Draw to 0:

https://quickbooks.intuit.com/community/Reports-and-accounting/How-to-bring-owners-draw-to-zero-to-s...

Here's your prior topic regarding handling cash as expense and deposits of the income:

https://quickbooks.intuit.com/community/Other-questions/Cash-expenses/m-p/232283#M8558

Both of your other topics got great input for the Peer user volunteers here, as well as the Intuit folks. Make sure to read the info you already got. If you have more questions, it helps to update the One Topic on the same subject, so that it functions for you to learn progressively and that way, neither you nor the volunteers need to start from scratch, every time.