• Registered: 09/03/2014
  • Posts: 2

Topic: Quick Entries - Journal Entry

Hi, I am new to this front accounting. I want to enter the expenses through journal entries by creating quick entries. When I make entries, the Credit amount is not automated. Can some one help how to do this by explaining step step for normal petty cash entries.  i.e How Quick Entries to be created, and what account to be debited, and how it is credited (posted) automatically to the relevant account headings through Journal Entries.

Thanks.

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,160

Re: Quick Entries - Journal Entry

Refer the FA Wiki page on Quick Entries and specifically an example of expenses screenshot.

apmuthu's Website

  • Registered: 09/03/2014
  • Posts: 2

Re: Quick Entries - Journal Entry

Friend,

First of all thanks for your reply.

I visited those links already. But I want to do entries for non-taxable account. Meaning, say for example if I bring cash into Petty Cash Account and the same to be made for expenses like staff welfare, freight, loading, unloading charges etc...

Just assume if I make an entry like this....

I created Cash Receipts in Quick Entries and linked with Petty Cash for Debit entry...by posting as Remainder and Loans from Shareholders for Credit entry.....by posting as Amount.

If I do a Journal Entry say for example for Rs.2,000/- bringing into the account as petty cash the TB entry at the back end transaction can be like this.

                                                                                  Debit A/C                     Credit A/c

Petty Cash   (Current Assets)                                   2,000.00

Loans from S.Holder a/c (Current Liabilities)                                                  2,000.00


When I do Journal entry select the cash receipts thru quick entries, for Rs. 2,000.00 the debit account is automated automatically. But the credit account is not automated automatically. This is where the step I am lacking to bring the credit account also have to come by system itself. No manual posting by editing the credit entries. How to do that? Where things went wrong and can you help me to fix this issue.?

And moreover for the above entry there is no tax included, increased based or reduced based, or % of amount based whatever they predefined in the system. I am getting confused here to get the output. Because credit entry amount Rs.2,000 is not coming automatically when I enter the Go button.

Please help me to solve this issue.

Thanks.