SELF Cheque - With drawal from Bank

[Former Member]

Hi All,

How do we handle cash withdrawal from Bank through Self Cheque (to be printed from System).

Thanks,

Srikanth

[Former Member]

a new customer account crated as "Yourself".

[Former Member]

Hi

There are two ways to handel the same:

1. You create an Imprest vendor for the employee and do a transaction by debit the imprest vendor and crediting the Bank Sub Account. The accounting entry would be:

Vendor A/c Dr

Bank Sub Account Cr

When you recieve the cash

Cash A/c Dr

Vendor A/c Cr

2. You can post a entry to cash in transit to Bank Subaccount. The accounting entry

Cash in Transit Dr

Bank Sub A/c Cr

When Cash is recvd

Cash in hand Dr

Cash in Transit Cr

In both the cases, you can prepare a cheque with reference to the document posted for Bank Sub Account

Thanks & Regards

Sanil K Bhandari

[Former Member]

Thanks for your reply.

Can you please guide me in how to create this imprest vendor?

Thanks,

Srikanth

[deepa_khatri]

Hi,

create a normal vendor and give name as 'Imperest Vendor"

thanks

deepa