maintain debit balance in GL account
How to configure to maintain cash or any asset account in debit balance.
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Thanks in Advance,
Santiagu Arockiam W
Parag Bhargava replied
You cannot set the amount in the cash journal. You need to bring in the amount. You need to create business transactions. There are 2 tabs in cash journal ie Payments & Receipts. In the receipt tab you need to create a new business transaction eg Withdraw from bank, then do an entry. An accounting entry for this will also be generated as:
Cash A/c Dr.
Bank A/c Cr.