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
NOTE-- The newer Goldenseal accounting software
has dedicated Cash
accounts for any type of cash
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 Randy. Updated 11/9/2010.
|
