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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.
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.
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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