Posting cashbook entries

Summary

This article explains how to post cashbook entries in Platinum.

More Information

This is used to post entries that do not go through the Sales Ledger or Purchase Ledger.

This will include mainly items that involve the bank account, such as bank charges, interest, wages payments, payments to the DVLA and other items where there is no invoice and no V.A.T.

Go to " Nominal Ledger Journal Entries".

• At "Entry mode", choose 'Cashbook'.
• At "Money in/out", decide whether money is going into or out of the Bank Account.
• On the highlighted line, enter the main nominal centre code, e.g. the code for the Bank Account.
• On the other lines:
  • Enter the Nominal centre code to which you want to post the other side of the entry.
  • Enter the date of the transaction, either from the cheque stub or from the bank statement.
  • Enter the value of the transaction.
  • Enter a comment.

The cheque number and an abbreviated description of what the item was for, or BACS and a description.

You may repeat the nominal centre code, date, value and description for any other items that need to be posted to the same centre.

The centres on the other lines will NEVER be the same nominal centre code as at the top of the screen! If they are, you will get a circular posting that does nothing.

See also

• Posting Journals
• Reconciling your bank account
• The banking journal

Feedback

Thank you for using our Knowledge Base, we value your feedback. Did you find this article useful? 'Yes' or 'No'

Keywords AND Misspellings

journals, cashbook, bank charges, bank interest, wages, dvla payments

Tags

NL05