by 
erickant
ANSWERS: 2
-
Are you running these through a point-of-sale system? Or are you just using non-POS accounting software such as Peachtree, or MAS 90? If it's the latter, what we do is create a cash sale "customer" in our A/R files. We create invoices for any transaction that falls under this heading (mostly walk-in, non-repeat business). An invoice is associated with a specific transaction, and the money is posted to A/R when we make a deposit.
-
If you are selling an item,then inventory decreases and cash increases. Also, Sales increases and cost of goods sold also increases. It is a system of debits and credits.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC