TAS - recording cash advances

Muddle2018

Frequent Poster
Messages
54
I am in, as my username suggests, a bit of a muddle and cannot get my head around something although it is probably very easy but I just cannot figure it out.

We have delivery drivers (new company) and the go out with products and bring back the invoices and the cash/cheque payments from customers. They take their petrol money out of this money and give me the receipts. I am completely drawing a blank as to how to record these expense receipts in the accounts software so they bank reconciles at the end of the month. Can anyone help?
 

Nutso

Frequent Poster
Messages
533
This is what I would do:
Receive full payment against invoice from customer to bank (assuming cash/cheque will be lodged to the bank?)
Transfer expense/petrol receipts amounts from bank to petty cash
Enter expense receipts and pay from petty cash
This should mean that everything reconciles correctly
 

Muddle2018

Frequent Poster
Messages
54
You are a star thank you so much! I was so overwhelmed that I was not thinking straight in the least but that makes perfect sense now! I will get on it first thing in the morning :)
 
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