Establish an amount for petty cash, for example, $100.00.
Set up a General Ledger Control Account for Petty Cash.
Go to: Main menu > General Ledger Module > General Ledger menu > Chart of Accounts > Insert
Set up a Petty Cash GL account similar to the illustration below:
Cash a cheque for $100.00.
If you use a cash cheque for $100.00 for the petty cash, this will only work if, on the day you are given it, you have receipted at least $100.00 in cash.
In this case you will still enter the cashbook payment to the petty cash GL code and do your banking as per normal, but you will need to manually alter the bank deposit summary to reflect $100.00 less in cash and the $100.00 cash cheque on the report.
In VisionVPM enter a Cashbook Payment to the Petty Cash General Ledger code.
