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.

To enter direct cash payment in cash box:

• Select Direct Cash Payment for the Payment Transaction Type field in the Transactions tab of the Cash Boc Payment in Cash Box page and enter the required details.

• If the direct cash payment should be posted to only one code string enter the account in the Account field and the rest of the the code string (e.g. cost center) in the corresponding code string fields.

• If you want to distribute the direct cash payment amount to several postings, click Edit Transactions, rto open the View/Edit Transactions page, enter information in Manual Postings Details section to manually post the payment transaction, and Save.

Prerequisites

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

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.

 

Pages

Cash Box

Activity Diagrams

Enter Cash Box Payment