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faq:counting_monies_at_eod

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Counting up your monies at the end of the day

Introduction: Do I have to do it every day?

Counting the Cash at the end of the day in order to get good deposits is very important. If you close any debit card machines, credit card machines, or deposit funds from the day into the bank you should create a deposit journal entry at the same time. If you do this 2 times a day you should have 2 deposit journal entries each day.

Important Fact: These entries are important for being able to reconcile your bank account. Over 2 days if you did $200 and then $400 in VISA transactions $200 and $400 will show on your bank statement, not $600.

faq/counting_monies_at_eod.1171932889.txt.gz · Last modified: 2007/02/19 16:54 (17 years ago) by cliff