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How to release payment using Petty Cash Fund

  • February 7, 2023
  • 4 replies
  • 168 views
C
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

 

    Kandy Beatty

    4 replies

    Kandy Beatty
    Captain II
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    • Kandy Beatty
    • Captain II
    • Answer
    • February 7, 2023

    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

     

    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*.
    Chris Hackett
    C
    Freshman I
    • chacalawagan
    • Author
    • Freshman I
    • February 8, 2023

    @kandybeatty49 

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

    Kandy Beatty
    Chris Hackett
    Kandy Beatty
    Captain II
    Forum|alt.badge.img+17
    • Kandy Beatty
    • Captain II
    • February 8, 2023

    @kandybeatty49

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

    Happy to help :)

    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*.
    A
    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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