why is there not facilty to input cash payments to a non ledger account. example if thje owner makes a cash payment to say an expense which he has lost the invoice or its is petty cash expense.
there should also be a facilty to enter bank payments/reciepts without a bank feed that are not on via the ledger such as bank charges or interest paid
Every income and expense would be recorded against a nominal ledger.
If the owner makes a cash payment, you can record this in the Proprietor’s Drawings Account (if you’re a sole trader or partnership), or in the “Director’s Loan Account” (if you’re a limited company).
If you could let us know what type of legal entity you are, we’re happy to offer some general guidance on how to enter this on your account.
For things such as bank charges or interest paid, you can tag it as “Something else not on the list”.
This guide may help - Accounting for non-invoiced items
Lets say a sole trader makes a cash payment for say motor fuel but has no invoice but we want to enter it direct to the p&l nominal for motor expenses.
Or he has made a bank payment but has mislaid the invoice. (and the client is not using the bank feed facility)