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leebrendalee
Level 3

sales over and under

Sales sheet comes in each day we record it something like this:

 

DR Sales Clearing 

CR Sales

When the money comes in 

DR bank

CR sales Clearing

-We record the cash sales however on a spreadsheet, so each day whatever the sales sheet shows us

is CASH we record it.  Then each day the CASH is deposited into the bank

So end of month we have a list of each cash sale and each deposit

If the cash deposited for the month is OVER what should the transaction be?

DR over n under

CR sales clearing?

 

If the Cash is under should it be?

DR sales clearing

DR over n under?

 

I"m confusing myself. 

2 Comments 2
AddieC
QuickBooks Team

sales over and under

Hi leebrendalee, 

 

QuickBooks Self-Employed is here to help simplify your bookkeeping tasks and help keep you organized. It's so important to make sure your transactions are being recorded correctly, and I know that complex situations such as these can be confusing. Don't worry, I'll point you in the right direction for support with this. 

The first thing I'd recommend for you is to consult an accounting professional if you're unsure about what the transaction should look like in accounting terms. That way, you're receiving the most accurate advice to ensure things will be recorded correctly. 


Once you've got a good grasp of what this transaction should look like, our designated Self-Employed support team can help you with the steps to enter this into the program. This team of agents specialize in the Self-Employed product and they'd be happy to help.


You can contact QuickBooks Self-Employed support via email, or through the QB Assistant in-product. 

 

Take care.

leebrendalee
Level 3

sales over and under

oh dear that's not a very helpful answer. ..good grief, please if you don't know just say you don't know.  Thank you. I also chose the wrong category. 

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