Petty Cash Received From Staff For Using Company Courier Service Account

Staff using company courier service account to send personal parcel.
The staff pay back cash to company, eg. RM10. 60 (include gst)
When we receive tax invoice from courier service company, we claim for input tax.
Must we issue tax invoice to the staff? Or whether we should not claim the input tax at the first place?
Or just key in as per below transaction?
When receive supplier’s invoice:
Dr Other Debtor  10.00
Dr GST  input tax  0.60
Cr  Supplier         10.60

When receive cash from staff:
Dr Petty Cash         10.60
Cr GST output tax      0.60
Cr Other Debtor      10.00

Please advice. Thanks.

Asked on December 27, 2016 2016-12-27 10:18:18 Business (商家)
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2 Answer(s)

You credit the output tax when you received the cash from your staff since you have claim input tax earlier. You may issue tax invoice .

Answered on December 28, 2016. 2016-12-28 03:23:42

Means I no need to issue tax invoice to the staff, just key in the below entry? Please advice. Thanks.

When receive supplier’s invoice:
Dr Other Debtor  10.00
Dr GST  input tax  0.60
Cr  Supplier         10.60
When receive cash from staff:
Dr Petty Cash         10.60
Cr GST output tax      0.60
Cr Other Debtor      10.00

on December 28, 2016. 2016-12-28 03:29:14
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Yes.  But for accounting purposes / records, you need some form of documentation for your transaction.  Just issue a normal invoice or memo will do.

Answered on December 28, 2016. 2016-12-28 04:57:05

Noted with thanks.

on December 28, 2016. 2016-12-28 05:34:01
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