Direct Cash Payment Cash Box

Explanation

This activity is used to enter payment transactions when neither Accounts Receivable nor Accounts Payable ledgers are involved. These payment transactions, such as tax payment, refund or money transfer between cash accounts are all performed in cash box payment institutes i.e. the payments are managed only by using cash.

Prerequisites

This activity requires that information has been entered in the Header Details tab of the Cash Box window.

System Effects

• This entry allows the direct cash payment to be printed as a receipt. Receipts have to be printed for all entered transactions.
• The direct cash payment can be manually posted.

Window

Cash Box

Related Window Descriptions

Cash Box
Cash Boxes Analysis
Cash Box Analysis

Procedure

To enter direct cash payment in cash box:

1. Open the Cash Box window and enter general information for the cash box in the Header Details tab.
2. Select the Transactions tab and enter a new transaction. Choose the option Direct Cash Payment from the drop down menu in the Transaction Type field.
3. Enter tax code in the Tax Code field or use List of Values to select a value, if necessary for the transaction.
4. Enter the customer/supplier in the Cash Receipt Payer/Payee field.
5. Enter the transaction amount in the Amount field.
6. Click Save.
7. Right click and click Manual Posting to manually post the payment transactions.