If you spend cash, it’s likely that you see the cash come out of your checking account as an ATM withdrawal or if you're paid in cash you need a way to account for it in your finance spreadsheet.
Cash is usually spent over several days across multiple categories. We recommend two methods for tracking cash.
Simple Cash Tracking Method
- Use the Tiller Money Labs add-on to split the original ATM transaction into multiple transactions using multiple categories.
Note: If you are paid in cash, and thus no ATM withdraw transaction appears on your Transactions sheet simply add a row anywhere on your transactions sheet and fill in the details of the cash income transaction.
Super Tidy Cash Tracking Method
- Categorize the ATM withdraw as a transfer.
- Add a new row for a credit in the amount of the cash withdrawn from the ATM, allocate it to a "CASH" account, and categorize it as a transfer.
- Add new debit rows for each purchase paid with cash coming out of the CASH account and categorize the spending as you normally would.
Note: When using the Super Tidy Cash Tracking Method if you spend all your cash, and you track all that spending, your amount in the cash account should total out to $0.