• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 18. Entering Cash Transactions > CPA Tip: Keeping Control over Your Cas...

CPA Tip: Keeping Control over Your Cash Receipts

Maintain control over the cash received in your company by issuing a sales receipt every time you make a cash sale. It’s too easy to collect the cash and not create a trail for your company records. If you omit recording the transaction, you lose the opportunity to provide complete and accurate reports of your company financial activities.

Make a habit of requiring a receipt for every sales transaction and reconciling your daily receipts to your deposits. By using the QuickBooks bank deposits feature, you will create a control feature that forces agreement between recorded cash receipts activity and bank deposits.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint