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Cash Receipt (320) and Credit Card (323) Journals Cash and Credit Card journals in People Soft are used to record payments received from third parties. Preparers and approvers are responsible for

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How to fill out cash receipt 320 and

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To fill out cash receipt 320, follow these steps:

02

Start by writing the date of the transaction on the designated field.

03

Provide the name and address of the payer and recipient.

04

Enter the amount of cash received in numbers and words.

05

Specify the purpose of the payment.

06

Ensure that both the payer and recipient sign the receipt.

07

Keep a copy of the receipt for your records.

Who needs cash receipt 320 and?

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Cash receipt 320 is often required by businesses and individuals who receive cash payments. It is particularly useful for small businesses, freelancers, and service providers who want to track their income and provide proof of payment to their clients or customers.

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