Expense claims of most companies will be from the people we have already set in the capital accounts.
So, Assuming an expense claim has been registered:
When we want to spend money from the cash accounts to a capital account, Payee shows only the customers/suppliers created and not the capital accounts. The capital accounts are only displayed when we select the same under Accounts but even then the Payee is not displayed.
Secondly, when a person registered under the capital accounts draws money from the cash accounts, why is the money not adjusted against his expense claims no matter the drawings is less or greater than his expense claims?
Suppose we had the option to select capital accounts as Payee at the time we spend money from cash accounts, when we select drawings/share of profit and enter the amount, part of the amount should be auto-populated on the next row towards the expense claim of that person as a default. This would enable proper accounting of the funds movement.
Also, regarding the capital accounts the screen appears as below.
When a person under the capital account draws funds from the cash account, it is displayed under Paid in advance.
I could not understand how that is an advance. Sorry if I am wrong, but shouldn’t the columns simply say Withdrawal & Deposit.