Financial - JDE1 (MOSC)

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RE: Expense Management used for Petty Cash Replenishment

edited Oct 2, 2018 5:00AM in Financial - JDE1 (MOSC) 1 commentAnswered

Hi Team,

Had anyone tried to process petty cash replenishment through the expense management (EM) module?

I have here a scenario, hope you can suggest any best practice.

Employee liquidated his expenses through the EM module, this will incur payable to employee transaction. Company policy allows reimbursement of expense reports through petty cash for total amount less than the threshold value. Here, payable to an employee was transferred to the petty cash custodian who is also an employee of the company.

Once the fund had reached a certain amount, it is due for replenishment. In EM module, we had created an expense category "REIM - reimbursed through PCF". This lump amount reflects the lump amount which the custodian paid to the employee, account mapped to the payable account set for the transaction above.

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