Dear All,
Is it possible to implement imprest account system for cash advance issued to employee for purchasing raw materials ? Actually i was trying to implement it but when i am trying to pass the entry for adjustment of Imprest account in the purchase voucher in tally it is not showing the imprest a/c in the ledger accounts list. That's why i am unable to adjust imprest amount earlier issued to employee. I have treated imprest account as current asset. Please revert.
Dear
You can do one thing. Reverse entire amount as imprest refunded and make entries for purchases.
If i put imprest a/c under loan and advances still i can not credit imprest account in purchase voucher in tally. I just wanted to know is there any option so that we can allow impress a/c in purchase voucher ?
Please read clearfully guys
he said that purchase voucher can not credited the imprest account because its under the loan & advances not under the sundry creditors.
Suppose that, Employee used upi payment, not cash Now tell me, what will be entry now ???
What software your using?
If it is manual recording
Create UPI account like in software or use just bank account entries. Because bank statements have UPI address.
pass a JV supplier a/c debited to Imprest a/c
If it’s upi, no need for imprest as well cause it’s like small amount like bank transaction cost charged
CAclubindia
