I apologize if this is a silly query, but can anyone help with the following:
One of our customers paid cash for an order. Our sales rep used a portion of this money to make a purchase (cost of sales). I want to know how to go about to capture this on the system.
I entered the purchase made by the rep under petty cash (2000/010). Obviously the difference between this and customer's payment will be deposited into the company's bank account.
Do I credit the customer via a journal as follows or will this cause the bank to not reconcile: