Cheque Requisition

Richard08

Hi,

I have a question which i would appreciate if you could help with.

In what circumstances will someone need to complete a cheque requisition?

Normally when you recieve an invoice there is no need for cheque requisition form to be completed because you make the payment on the invoice either by BACS or if they dont include bank details then you pay by cheque.

Thank you

Richard

katsutlieff

You would only need to fill in a Cheque Requisition form when you are requesting a cheque for an unusual item, say to pay for room hire or caterers. Something that the company doesn't have a PCLA for.

Hope this makes sense

Richard08

Thanks for your reply. What is a PCLA?

Thanks

Richard

katsutlieff

PCLA is Purchase Ledger Control Account. This is where you will find the financial comings and goings of all the creditors, which will relate back to the creditors accounts.

So if you need to pay for a one off item it is unlikely that their will be an account open for it so you will fill in a Cheque requisition form

Richard08

Many thanks for your replies they have helped very much. So if it does not involve the PLCA how is it recorded?

What are the accounting entries? Would there be a need to create a separate control account to record these one of payments?

Thank you

Richard

katsutlieff

I would suggest that they would still go though the Cash Book as usual and would be posted to a relevant expense account in the Main Ledger.