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 Cashbook Entries".

• Enter the main centre code, e.g. the code for the Bank Account.
• Decide whether money is going (I)nto or (O)ut of the Bank Account.
• Enter the date of the transaction, either from the cheque stub or from the bank statement.
• Enter the Nominal code to which you want to post the other side of the entry.

This will NEVER be the same code as at the top of the screen! If it is, you will get a circular posting that does nothing.

• 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.

• Repeat the date, nominal code, value and description for any other items that need to be posted.

See also

• Posting Journals
• Reconciling your bank account
• The Banking Journal

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Keywords AND Misspellings

JOURNALS, CASHBOOK, BANK CHARGES, BANK INTEREST, WAGES, DVLA PAYMENTS