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Search Simple Cash Receipt

Search Simple Cash Receipt

Aug 6th, 2022

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How to Search Simple Cash Receipt

4.7 out of 5

51 votes

In this video tutorial, we discuss the cash receipts journal, which manages all cash incoming to a business. The presentation includes a visual example of a cash receipts journal. An example transaction features John Henry, a regular customer who pays $500 towards his accounts receivable. The process begins by recording the date and crediting the individual accounts receivable for John Henry. An explanation of the transaction includes the invoice he is paying off, if known. The details are posted with a 10% discount of $50 noted in the sales discount column, $450 in the cash debit column, and the full invoice amount recorded in the accounts receivable credit column.

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