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How to release payment using Petty Cash Fund

  • February 7, 2023
  • 4 replies
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Freshman I

Hi! May I ask anyone on how to release payment using Pettycash Fund? Petty Cash account is already setup. I just do not know what module to use in releasing payment. Also, is releasing payment using Petty Cash fund affect the GL entries?

Thank you in advance!

Best answer by Kandy Beatty

Hi @chacalawagan 

I have ran a bill through complete for you to please see how it affects the GL:

Bill with Cash Payment

Check with Cash Payment

Journal transaction of debits and credits

 

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      4 replies

      Kandy Beatty
      Captain II
      Forum|alt.badge.img+18

      Hi @chacalawagan 

      I have ran a bill through complete for you to please see how it affects the GL:

      Bill with Cash Payment

      Check with Cash Payment

      Journal transaction of debits and credits

       

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      Kandy ~ If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
        Freshman I

        @kandybeatty49 

        Thank you for taking time in replying to my query. Much appreciated!

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          Kandy Beatty
          Captain II
          Forum|alt.badge.img+18

          @kandybeatty49

          Thank you for taking time in replying to my query. Much appreciated!

          Happy to help :)

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          Kandy ~ If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
          Freshman I
          • AbelDavid
          • Freshman I
          • August 25, 2023

          Hi there,

          Just following on this thread . Can I use my software to directly deposit funds into the petty cash (reimburse the petty cash). Or can I only do a bank transaction outside the software and then enter a manual entry for Petty cash deposit?

          Thanks, 
          Abel 

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