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How to release payment using Petty Cash Fund

  • 7 February 2023
  • 4 replies
  • 113 views

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!

4 replies

Kandy Beatty
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Userlevel 7
Badge +16

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*.
C
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Userlevel 1

@kandybeatty49 

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

Kandy Beatty
Rank
Userlevel 7
Badge +16

@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
Rank

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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