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Sadeta21's avatar
Sadeta21
Contributing User
4 years ago
Solved

cash out via eft

Customer was given cash out $100 from eftpos 25/08/2021 not sure how to record this as I need to reimburse the cash float. I have recorded it under undeposited funds to match up with EFT Settlement, ...
  • Beansmutts's avatar
    Beansmutts
    4 years ago

    Hi Sedeta21

    Receive Payment into Undeposited $Sale Value

    Receive Money into undeposited of $100.00 expense is Petty Cash (or Cash Float)

    Prepare Bank deposit into Bank for total of EFTOS

    Your Petty Cash (Cash Float) will show the $100.00 being spent(deducted)

     

    Hope this make sense.

    Gillion

Sadeta21's avatar
Sadeta21
Contributing User
4 years ago

But doing this wont match up with EFT Settlement, sorry if i sound dumb - just worried about end of month..

Beansmutts's avatar
Beansmutts
Trusted Cover User
4 years ago

Hi 

Both the Receive Payment from Customer and the Receive Money from the Customer are going into undeposited funds.  the Prepare bank deposit should show both transactions to balance with the EFTPOS.

 

Call me if you like 0402 761 466

Gill

  • Sadeta21's avatar
    Sadeta21
    Contributing User
    4 years ago

    In the bank reconciliation it shows as follows

    : Bank deposit $100

    : Bank deposit EFT setllement less $100

    : Bank withdrawl - cash reimbursement for float $100

    Hopefully this is correct, if so I can't thank you enough for your help :)

    • Beansmutts's avatar
      Beansmutts
      Trusted Cover User
      4 years ago

      Hi Sedeta21

      Ummm  no not really. 

      Please give me a call 0402 761 466

      Gill

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