Cash Bank Account

[Tiggy]

Hi

Im using Cash Bank Account to record money from my till and understand that I have to use Bank transfer from till cash account to bank account the money that I should be banking say weekly. Only thing is that it's a regular occurance that the money I've counted can be different from the z on the till receipt. How do I make adjustments for the difference so as I tally up ?????

Please Help

[brucedenney]

If the money from the till is not the same as on the Z total then you need to sort out the issue.

i.e. stop whomever is stealing, ringing up things incorrectly, giving the wrong change or whatever the issue is.

Hopefully these are insignificant amounts. hopefully the odd penny.

The difference can be adjusted on the till bank account, create a nominal code to represent the discrepancies in the till. And simply make bank payments or receipts from the till account against that nominal to account for the differences.

The code I would create would be 7950 - Till errors