My client does not deposit all of their cash payments into the bank.
How do I handle this? Do I record the cash deposits on the second line showing where the money went? Sometimes, they will purchase stamps for the office, etc., other times they keep the cash, therefore would I show this as a owners draw.
I totally agree and it would make my job much easier. So, just so I understand record the deposit from undeposited funds and in the second line show which expense account it went to as a negative balance. There will nothing to download from the bank as there was not a deposit to match.
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