Could anyone give me suggestions on how to do Cash Advance in Manager?
For example, my worker came to me asking for Cash Advance to purchase stationeries for the inventory and office use. Since we don’t know the exact amount to the purchase, I gave him $500 cash advance. He took the money and purchased a variety of stationeries valued to $350. He came back and returned the remainder $150.
How do you enter the cash advance?
What account do you use to cash out the advance?
How do you enter the returned money?
How do you enter the inventory with the cash advance?
Anything would help me understand the principles of purchasing using the cash advance. Thanks.