recording a split transaction
Posted: Tue Jan 26, 2021 2:21 am
eGreetings from sunny Queensland. Here in Oz, businesses have come up with a creative way to help customers cope with the demise of bank branches in smaller communities. It's called 'cash out'. When paying by card, a customer can ask for a sum of money in cash. That amount is added to the purchase and the cash given as change. Example - purchase total $120.00, cash out $50. $170.00 charged to card, and $50 returned to customer in cash. Maybe something similar happens elsewhere. I've tried several ways of recording a cash out transaction as a split transaction without success, and eventually recording it as separate transactions. Firstly a transfer of $170 from card account to cash account, then a separate $120 cash purchase. I'm probably missing something quite simple, so this nonagenarian would appreciate some guidance from more experienced users. Thanks in anticipation. Peter