Petty Cash
The Petty Cash payout type is intended for withdrawal of funds from a cash drawer for miscellaneous reasons (postage, donations, etc.). The withdrawal may be associated with a ledger expense to record the reason for the payout financially. Detailed mapping is provided for Petty Cash.
The user must enter an amount to withdraw from the drawer, select the appropriate ledger account, and either modify or accept the default description prior to processing (the default description comes from the Mapping Description for the Payout Reason detailed mapping, not the selected account which may be named differently).
Process (F12)
Processing for Payouts is fairly basic. There are only two tabs: print and transmit. Payment methods are not necessary with Petty Cash because "cash" is implied. Since no customer is involved, most Email and fax related fields are not automatically populated.