I have made several cash withdrawals how do account for these from the bank feed. Cash has gone into petty cash?
Precisely, so you’d tag the money out of the current account as a bank transfer into the “petty cash” bank account.
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When you then use that cash to pay for business expenses you could mark those purchases as paid from the petty cash account - essentially the balance of the petty cash bank account should (ideally) always equal the amount of cash the business has in the cash box at that time. When a customer pays you in cash that’s a payment into the petty cash account, when you deposit cash at the bank it’s a transfer from petty cash to current account, when you pay cash for a business expense that’s a purchase paid from the petty cash account, etc.
If you take cash out for personal (as opposed to business) use then that would be a transfer to drawings or director’s loan rather than to petty cash.
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