Cash Sales

Cash Sales

Cash sales can be used for a point-of-sale system or anywhere the product and the cash exchange hand at the same time. This type of transaction forgoes Accounts Receivable and records directly to the bank or cash on hand account. You can use it when the system is utilized as a POS solution.

Recording Cash Sales

Steps to follow:
  1. Go to Sales.
  2. Select Cash sales.
  3. In the Company field, choose a customer from the drop-down list. The default Bill to and Ship to fields on the Addresses tab will be filled automatically.
  4. Choose a payment method in the Method field.
  5. If the sale is to be recorded to undeposited funds, click Undeposited under the Company field. If the funds are deposited to a bank account, choose Bank Acct. The default Account will be automatically.
  6. Enter a Check / Ref #.
  7. Click the Project and class tab and enter a Project if applicable.
  8. Click the Memo tab and enter a memo if required.
  9. Click Save to save a draft or Post and close to finish the cash sale.