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training:paidoutinvoiceandclearing0802270832

Problem Description

What is a Paid Out Invoice, how do I use it and what's going on in the background accounting wise??

Solution

A Paid Out Invoice is to compensate for monies taken from the till to buy items, similar to petty cash. It shows in the end of day reporting and a journal entry is required to move the Paid Out amount to the correct expense account

Note: this article is also publicly available at http://wiki.wws5.com/share/Paid Out Invoice and Clearing0802270832.html

paidoutinvoiceandclearing0802270832.flv

Created by Renée Neuschul at 2/27/2008 8:32:03 AM

training/paidoutinvoiceandclearing0802270832.txt · Last modified: 2008/02/27 09:20 (16 years ago) by 127.0.0.1