Petty Cash

Problem

How to handle Petty cash. Where and how to enter.

NOTE-- The newer Goldenseal accounting software has dedicated Cash accounts for any type of cash

Diagnosis

User pays by cash, doesn't know where to put it in accounting worksheets used within MacNail construction accounting software

Solution

The original lump sum check to be cashed for petty cash, make job 99 cat PC or transfer- something that will not be job costed or that will be kept in separate category.

The individual cash expenditures should each have a line item entry in ledger- use CASH ledger item and enter appropriate cat for job costing. These items will not affect running total in ledger.

Alternative: use separate petty cash ledger in MacNail accounting software (see #438)

Comments

Entered 10/22/92 by Lyn. Updated 11/9/2010.