Forum Message

Petty Cash transactions

I want to record numerous petty cash transactions. How do you record the individual amounts, including breaking down for VAT reclaim, without having to put them all on as purchase invoices first through the purchase ledger. Is there a way to batch enter against the petty cash account?


Posted by Yvette Poole on Jul 31, 2010 1:30 PM BST

Hello Yvette,

Yes - just enter a single Money Paid Out transaction. Set the Paid To field to 'Unknown Supplier' and the Paid From Account to 'Petty Cash'. Then enter multiple lines in the Allocate To Account table - one for each expense .

Regards,


Posted by Mark McLaren (Solar Accounts) on Jul 31, 2010 2:17 PM BST