From the course: MYOB AccountRight 2013 Essential Training

Unlock this course with a free trial

Join today to access over 22,400 courses taught by industry experts.

Recording cash sales

Recording cash sales

Many service businesses need to record money coming in from the sales of goods and services which are paid for in cash. Entering a received money transaction, using the banking register, is the fastest method of receipting the sales of money. Carol's Cleaning needs to record their weekly cash sales amounts, from a cash drawer, in AccountRight Live. So let's learn how this is done. From the banking command center, click onto Receive Money. We are depositing our money directly into our NAB check account. It is going to be tax inclusive, and we're using the next ID number. The date needs to be changed to the 7th of January, 2015. And we need to use a card called Cash Sales. If one's not made, you need to make a new card, Cash Sales, with no particular details. Let's use this card. The amount received in this instance is $124.50, the method is cash, and the memo is going to be Cash Sales, and we're going to type 4. Because that's an indicator to tell us that we need to put it for a period…

Contents