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Chapter 18. Entering Cash Transactions > Cash Overages and Shortages

Cash Overages and Shortages

What happens if the actual cash that you count up doesn’t agree with the amount reported on your cash sales forms for the day, or on your daily cash summary form? This is a frequent occurrence, especially in retail stores where a large quantity of cash is handled each day.

You need to create an account that gives you a place to report these overages and shortages. You can then note a discrepancy in cash when you fill out your daily cash summary form. Create a new account to track cash overages and shortages by following these steps:


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