In this topic we will post cash to the Purchase Ledger accounts and simultaneously to the Nominal Ledger, using the various cash posting options. A wide variety of posting methods exist and have numerous detailed facilities within them, all of which are available in the Autoline Purchase Ledger.
The option which allows the posting of cash to accounts in the Purchase Ledger is the Cash posting & allocation option. This function updates the accounts of both the Purchase Ledger and the Nominal Ledger accounts simultaneously.
There is a high level of control within the Cash posting & allocation option, comprising of controls, automatic double entry posting to the Nominal Ledger, printing of Daybooks and the Audit trail.
An option in the system parameters permits an Audit trail of all cash postings to be printed as the postings are made.
A full audit trail of postings is always produced when the daybooks are printed.
To access the option:
From the Autoline Master menu select the Purchase Ledger option and the Company you require.
The PURCHASE LEDGER menu is displayed.
Select the Cash posting & allocation option.
The Cash Paid form is displayed.
