Problem: How can a director record a payment made from personal funds to an accountable person?
Solution: Create a temporary bank account in the software to track the director's funds. Record the receipt of these funds, then use this account to pay the accountable person. Later, reimburse the director from the company's main account.
- Create a new Bank Account as a Transit Account.
- This Transit Bank Account should be linked to the new GL Account.
Create a bank receipt for the funds received from the director, choose Others as the transaction type, and use the new Transit Bank account.
On the second tab, specify the account you need and the person (company) who made the payment.
Create a document for transferring funds from the Transit bank account to the accountable person. This should record that the company sent money to the employee.
- The transactions described above will be reflected in cash as follows
- Create an advance report to detail the employee's expenses. This report should show the expenses that the employee has submitted to the company.
Specify the bank document.
And his expenses.
7, To refund funds, use the document debit from the current account with the transaction type Other from the regular account of the organization
(the company has made a refund to the head (director)).
On the second tab, specify the account you need and the person who made the payment.
8, Check your actions by generating a report.
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#Director(Head) Paid #Employee Business Expenses