Dealing with Cash Sales

The following is based on a shop owner;

 

STEP 1: Create a bank account called ‘Cash on Hand’ (BANK > ADD NEW BANK ACCOUNT)

 

STEP 2: Create a new customer/s called Till 1, Till 2, etc (SALES > ADD NEW CUTOMER)

 

Now raise an invoice for the days Till takings and post the payment to the CASH ON HAND bank account.

 

Once the Money has been banked, simply transfer the money from the CASH ON HAND account to your CURRENT ACCOUNT (BANK > TRANSFER BETWEEN ACCOUNTS)

 

This will also enable you to run the INCOME BY CUSTOMER REPORT for you to see how your Tills are performing.

 

It will also mean that you can see how much ‘Cash on Hand’ you have by looking at the total of the bank account.