RE:[sap-acct] Petty Cash Reimbursement
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 | Posted by Nikki Klein on Mar 13 at 6:41 PM |  Mark as helpful |
Hi Gustavo
It will depend on whether you have the Petty Cash account as a real bank account and if you are uploading the bank statement into SAP which reflects the reality of your bank accounts. Typically your Treasury users will move cash from Cash at Bank account into Petty Cash account (at the bank) and then if your bank statement reflects this transaction and uploads into SAP, you should see the results in those two GL accounts. If Treasury is not directly connected to SAP, then typically you'd post a GL journal entry after the Treasury folks have moved the cash - CR Cash at Bank and DR Petty Cash.
Nikki
---------------Original Message---------------
From: GG_2009
Sent: Friday, March 12, 2010 5:09 PM
Subject: Petty Cash Reimbursement
> Hello all,
>
> Can anybody tell me how is the general process to set the reimbursement for a petty cash run out of funds?.
>
> Sample:
>
> Petty Cash funds available: USD 100,00
>
> Petty Cash expenses posted: USD 100,00
>
> How do you proceed for the reimbursement?. Is it necessary to create a kind of internal vendor to issue a check and get the reimbursent?. How do you get the check to pay back money for Petty Cash?.
>
> Thanks in advance.
>
> Gustavo.
__.____._ It will depend on whether you have the Petty Cash account as a real bank account and if you are uploading the bank statement into SAP which reflects the reality of your bank accounts. Typically your Treasury users will move cash from Cash at Bank account into Petty Cash account (at the bank) and then if your bank statement reflects this transaction and uploads into SAP, you should see the results in those two GL accounts. If Treasury is not directly connected to SAP, then typically you'd post a GL journal entry after the Treasury folks have moved the cash - CR Cash at Bank and DR Petty Cash.
Nikki
---------------Original Message---------------
From: GG_2009
Sent: Friday, March 12, 2010 5:09 PM
Subject: Petty Cash Reimbursement
> Hello all,
>
> Can anybody tell me how is the general process to set the reimbursement for a petty cash run out of funds?.
>
> Sample:
>
> Petty Cash funds available: USD 100,00
>
> Petty Cash expenses posted: USD 100,00
>
> How do you proceed for the reimbursement?. Is it necessary to create a kind of internal vendor to issue a check and get the reimbursent?. How do you get the check to pay back money for Petty Cash?.
>
> Thanks in advance.
>
> Gustavo.
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Nikki KleinSAP Accounting Helper
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