
Using a Cash Account
When you withdraw cash from your bank account or get cash back during a purchase, that money becomes difficult to track. MoneyWell solves this problem by allowing you to set up a cash account and create "cash only" transactions and splits.
Cash only transactions create automatic transfers to the cash account where you can create cash transactions that don't have to be reconciled to a bank statement. This way you can have a single transaction in your checking account as a $100 ATM withdrawal that matches your bank statement and many individual cash expense transactions in your cash account that are hidden from bank statement reconciliation.
To create a cash only standalone transaction:
- Add a new or select an existing transaction
- Click Cash only
To create a cash only split in a transaction:
- Add a new or select an existing transaction
- Click Split in Transaction Detail or Transactions > Split Transaction
- Reduce the amount of the first line to create a split
- Click the checkbox in the first column to create a cash only split transaction
If the Cash only checkbox is disabled, you probably don't have a cash account in this document. Use File > New Account to create one.
See also
Adding a transaction
Adding an account
transactions
accounts