Results 1 to 6 of 6

Thread: Transfer between credit card and Bank account in Pastel

  1. #1
    Junior Member
    Join Date
    Jun 2013
    Location
    South Africa
    Posts
    13
    Thanks
    5
    Thanked 2 Times in 1 Post

    Transfer between credit card and Bank account in Pastel

    Hi,

    Please I would like to transfer money from my current account to petty cash or Credit card on Pastel express V12 How to do that?

    Thanks for your help

  2. #2
    Platinum Member Neville Bailey's Avatar
    Join Date
    Nov 2010
    Location
    Morningside, Durban
    Posts
    2,377
    Thanks
    35
    Thanked 393 Times in 340 Posts
    I presume that you have set up cash books for each of these accounts.

    You also need to create a balance sheet account and call it something like "Cash Transfer Account".

    If you want to process a transfer from the current account to the credit card account, first capture a cash book payments journal entry in the current account cash book and allocate it to the Cash Transfer Account. Then capture a cash book receipts journal in the credit card cash book and allocate it to the same Cash Transfer Account.

    The net effect is that the Cash Transfer Account will have a zero balance.
    Neville Bailey - Pastel Accounting Consultant and Photographer
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
    View Neville Bailey Photography

    *** 20% DISCOUNT ON PASTEL XPRESS / PARTNER SOFTWARE UNTIL 15 DECEMBER 2017 ***

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

  3. Thanks given for this post:

    bamani (05-Jul-13)

  4. #3
    Silver Member
    Join Date
    Oct 2011
    Location
    johannesburg
    Posts
    200
    Thanks
    2
    Thanked 9 Times in 9 Posts
    Hi Neville,
    Can't you transfer directly to the credit card and eliminate extra leg?

  5. Thanks given for this post:

    bamani (05-Jul-13)

  6. #4
    Platinum Member Neville Bailey's Avatar
    Join Date
    Nov 2010
    Location
    Morningside, Durban
    Posts
    2,377
    Thanks
    35
    Thanked 393 Times in 340 Posts
    If you don't do the two legs in each cash book, then you won't see the receipt in the bank recon of the receiving cash book, nor will the receipt show on the cash book details report of the receiving cash book.
    Neville Bailey - Pastel Accounting Consultant and Photographer
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
    View Neville Bailey Photography

    *** 20% DISCOUNT ON PASTEL XPRESS / PARTNER SOFTWARE UNTIL 15 DECEMBER 2017 ***

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

  7. Thanks given for this post:

    bamani (05-Jul-13)

  8. #5
    Junior Member
    Join Date
    Jun 2013
    Location
    South Africa
    Posts
    13
    Thanks
    5
    Thanked 2 Times in 1 Post
    Thank you Neville , and thank you also SSS100 for your question it was helpful the why not?

  9. #6
    Silver Member
    Join Date
    Oct 2011
    Location
    johannesburg
    Posts
    200
    Thanks
    2
    Thanked 9 Times in 9 Posts
    Thanks Neville, much appreciated

Similar Threads

  1. [Question] How Do I create a credit card account on Pastel Xpress V12
    By bamani in forum Accounting Forum
    Replies: 1
    Last Post: 27-Jun-13, 02:56 PM
  2. Transfer between bank accounts in Pastel Xpress?
    By J7J in forum Accounting Forum
    Replies: 2
    Last Post: 04-Apr-13, 12:06 PM
  3. [Question] Bank transfer account
    By LGripper in forum Accounting Forum
    Replies: 2
    Last Post: 20-Mar-12, 07:11 PM
  4. [Question] HOW TO CAPTURE CREDIT CARD ON PASTEL
    By TLK in forum Accounting Forum
    Replies: 3
    Last Post: 20-Sep-11, 10:10 AM
  5. [Question] HELP - transfer of member loan account
    By sablelodge in forum Accounting Forum
    Replies: 3
    Last Post: 29-Jul-11, 03:32 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •