Problem: When the director uses his funds to make a payment to the accountable person, how should this be recorded in the software?
Solution: There is no direct way, around need to be created to do the transaction i.e. creating off-balance bank account which should not reflect in the report but cash out
1, Create a new Bank Account as Transit Account.
2, This Transit Bank Account should be linked to new GL Account.
3, Create a document receipt of funds with the transaction type Other to the created Transit Bank account
(the company received funds from the head):
On the second tab, specify the account you need and the person (company) who made the payment.
4, Create a document for Debiting funds from a new checking account to an accountable person
(the company transferred funds to the employee sub-report).
5, The transactions described above will be reflected in cash as follows
6, Create an advance report to show the employee's expenses
(the employee reported 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