I have uploaded and tagged a receipt for the purchase amount. I then uploaded the bank statement and while reconciling noticed that there was £20 cashback (which would have been used for petty cash).
I have tried going to the purchase record (which has the tagged receipt) to add another category but there is no option for petty cash (just directors remuneration). I have also tried tagging from the bank statement but there is no option to split the transaction between a purchase and a drawing.
I think I am missing something. I am hoping someone can advise as this is my first year with Quickfile.
Just to get this straight, you made a purchase and paid in full from your current account, let’s assume this was £70. The supplier then paid you back £20 in cash, which you are then keeping on hand as petty cash?
I bought business items (£70) at the supermarket and asked for cashback which is being held for petty cash (£20). So £90 in total coming off the bank account. thanks
Thank you for your reply. I know where it should be however I am struggling with the physical tagging of the £20 transfer. Can you please point me in the right direction?
Ah okay. As I was tagging from an uploaded bank statement there was only one line for the £90. I have the £70 tagged to the receipt therefore my next step will be to delete the £90 line and enter a new line for the £20. Unless there is a quicker way? Thank you