If you have an Elari Card or a bunq card, you might also have the option to make cash withdrawals. The card must be linked to a combined cashbook in Elari to do this. In a combined cashbook, you'll see two columns, with card transactions in the left column and cash in the right column. It looks like this:

With an Elari Card, you can make cash withdrawals in a limited number of countries. You can find more information here.

How is a cash withdrawal displayed?

When you withdraw cash using your card, Elari automatically recognizes this transaction as a cash withdrawal. As a result, the withdrawn amount is immediately shown as an expense in the card column and automatically recorded as income in the cash column.

How is a cash withdrawal recorded in the accounting?

In the Application Management / Cash & Cards / Cost types menu, you, as the application manager, register a system cost type for cash withdrawals. Whenever a cash withdrawal is made, it is always debited to this account. When cash is spent, this transaction is credited to the cash withdrawal account. This way, you can always track the amount of cash circulating in the organization in this account in the accounting.

Making Cash Withdrawals with Prepaid Cards

If your organization uses prepaid cards (for example, Simpled Cards), Elari provides a 'Cash Withdrawals' menu. In this overview, you can see all the cash withdrawals made with your prepaid card(s). When you withdraw money, cash is released. To keep track of the cash, Elari records these withdrawals in this overview. In addition to being recorded here, Elari will also automatically register the cash withdrawal in the cashbook. This entry can be found in the transactions overview.