http://www.happyaccountant.com/2007/06/cash-book-and-bank-statements/?utm_source=rss&utm_medium=rss&utm_campaign=cash-book-and-bank-statements Accountancy, Bookkeeping, Payroll, Tax, VAT, PAYE, NICs, Finance, Budgeting, Cashflow, Business, Sole Trader, Limited Company, Working for Yourself, Saving Money, Saving Time Thu, 26 Jan 2012 18:45:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.happyaccountant.com/2007/06/cash-book-and-bank-statements/#comment-104 Happy Accountant Tue, 31 Jul 2007 20:47:42 +0000 http://happyaccountant.wordpress.com/2007/06/22/cash-book-and-bank-statements/#comment-104 I would recommend keeping a cash book type of record of receipts in addition to recording them in the sales ledger. Whether this takes the form of listing each customer and amount or whether the amounts are added together under "cash takings for the day" depends on the size and nature of the business. If the business is operating "double-entry" bookkeeping, a cashbook/cash account will be necessary for such a system to work. I would recommend keeping a cash book type of record of receipts in addition to recording them in the sales ledger. Whether this takes the form of listing each customer and amount or whether the amounts are added together under “cash takings for the day” depends on the size and nature of the business. If the business is operating “double-entry” bookkeeping, a cashbook/cash account will be necessary for such a system to work.

]]> http://www.happyaccountant.com/2007/06/cash-book-and-bank-statements/#comment-103 Stephen Tue, 31 Jul 2007 18:09:47 +0000 http://happyaccountant.wordpress.com/2007/06/22/cash-book-and-bank-statements/#comment-103 If the business mainly dealt in cash with its customers and not paid into the bank account. Would the income be logged in a cash book or just recorded in the sales ledger? If the business mainly dealt in cash with its customers and not paid into the bank account. Would the income be logged in a cash book or just recorded in the sales ledger?

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