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Unable to Transfer Cash from POS to HO in Ginesys

Owned by Deepankana Roy (Unlicensed)
Last updated: Jan 13, 2020
2 min read

SYMPTOMS

Unable to Transfer Cash from POS to HO in Ginesys.

CAUSE

Finance module is not present in the POS to transfer cash. 

RESOLUTION

Suppose POS is sending cash of Rs 3,000 /- to HO. Here you have to post following journal entries to show the effect of the same.

Part1: 

  1. When cash is being sent to HO, Interbranch Cash Control Account Dr 3,000/-.
  2. Store Cash Account Cr 3,000/-.

Part 2:

  1. When cash is being received at HO, HO Petty Cash Account Dr 3,000/-.
  2. Interbranch Cash Control Account Cr 3,000/-.

Follow the given steps to resolve the issue:

  1. Petty Cash head, with type - ‘Payment’, needs to be defined and tagged with the site.


  2. Interbranch Cash Control Account needs to be mapped in Site Allocation.


  3. Once mapping is done, following entry needs to be passed at POS.
     

  4. Once POS Settlement is done from POS and released at HO, entry will reflect in the ledger. as shown below:


  5. Following entry needs to be posted at HO on receipt of Cash from POS.


  6. Once the entry is posted at HO, ledger balances will be effected as shown below: