Creating a Petty Cash Account (Cash Tin)

This guidance is only for IRIS Financials Version 7.0.2223 or later if your organisation has switched on the New security screens. If it is not switched on or using version 7.0.2103 or earlier, go to Creating a Petty Cash Account (Cash Tin) .

If your organisation uses petty cash for payments, to record any transactions for accounting, you must add accounts for each petty cash tin.

  1. Create an account on the Petty Cash Accounts ledger for the relevant location, with the following details: 
    • On Indices, select one of the Values for ACTIVITIES and FUNDTYPE. If you are not sure what value to use, select XNODET.
    • On Analysis Fields, enter the Imprest Value (do not enter any currency symbols, such as, £, $.).

    • Set the required security for user groups with access.

  2. Next, add an opening balance for the petty cash tin.