PROBLEM
handling petty cash in MacNail accounting software-- with a petty cash ledger
DIAGNOSIS
they give cash or check to one or more person, who then
spends it. How to account it in MacNail Construction
Accounting Software
SOLUTION
1. create petty cash ledger(s)-- one for each person, job, etcetera
2. add Master Index accounts-- can have 'petty cash' as a supplier, or split it up as in 'petty cash--office',
'petty cash--Rick' etc.
3. put $ into petty cash account-- enter check or transfer in checkbook ledger where $ comes from. Use job
99, either PC or TF as category. Add to petty cash ledger as a deposit.
4. spend money-- enter into petty cash ledger same as any expenditure. For supplier, can use either a 'petty cash'
item from MI, or actual supplier name. If cost type is job costed from a log, also enter into the log. COMMENTS
Entered 3/7/95 by Rudy.
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