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Cash Receipts/Payments

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N1chola
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Cash Receipts/Payments

Post by N1chola » 11 May 2017, 13:38

I have set up a bank account for cash receipts as we have customers that pay for goods in cash. This cash is also used to pay some of our suppliers. My idea is to rename cash receipts to cash receipts/Payments and log all cash receipts and payments to the one nominal code.
Before I do this is there a better way to log the cash transactions the way suggested.

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brucedenney
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Re: Cash Receipts/Payments

Post by brucedenney » 15 May 2017, 15:58

This is very sensible, effectively this is petty cash only, perhaps the amounts are not quite so petty
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