Reconcile Petty Cash Transaction

Before you start

• Transactions are created in ‘Petty Cash. Open’ (GLS095).

Follow these steps

1. Start ‘Petty Cash. Open’ (GLS095/B).

2. If necessary, print a new petty cash statement by selecting option 6 = ‘Petty cash slips’ for the petty cash function in order to verify that all transactions are correct.

3. Select option 9 = Reconcile for the petty cash function to be processed.

4. On the F panel, enter the accounting date and a voucher text. Press Enter to display the accounting lines on the H panel (the coding panel).

5. Correct any errors in the accounting lines and create an offsetting accounting line. Press F3 to create the voucher.

6. To record reimbursed amounts, select option 8 = Reimbursement in (GLS095/B).

7. On the F panel, review the proposed accounting date and enter a voucher text. Press Enter to display ‘Journal Entry & Payment. Open’ (GLS110/B).

8. Create the accounting line for the debit record (refer to Enter Bank Transaction). Press F3 to create the voucher.