System allows users to create Journal Entry using Petty Cash Payment transaction. We can liquidate a petty cash payment in Posted status to a journal entry transaction.
Go to HUMAN RESOURCE (Menu) > Petty Cash Payment (Sub-menu)
Petty Cash Payment transactions that have been approved are allowed to be liquidated via Journal Entry.
On Petty Cash Payment page, search for Petty Cash Payment in Posted status or create a new one if no record is available.
Select from the search results the Petty Cash Payment in Posted status.
Once the record is loaded, click on the Liquidate button on the upper left side of the page.
Click Yes on popup confirmation page to open the Journal Entry page.
The Journal Entry page with the details from petty cash payment transaction is loaded. The Petty Cash Payment ID is displayed as Reference ID hyperlink value. The total amount paid from petty cash payment have corresponding debit and credit entries in the journal item table.
User may populate the optional fields. Click on Save and confirm to create new Journal Entry in Draft status and the Petty Cash Payment is populated with the Petty Cash Payment ID hyperlink where the record is exported from.
