Quick Cashup |
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Quick Cash-Up. (For an easier, quicker daily Cash Up)
Once you are ready to do your daily CashUp: Go to Invoice > New Invoice > Click on the Extra button and select Quick Cashup
Setup is required to use this function.
1. Create a general ledger account (e.g. Cash Holding Account), set the account type to Assets Cash and the Vat type is Not Applicable.
2. Go to Ledger > Account Options > Account Defaults tab and match this general ledger account to the Cash-up Holding.
•This will reflect the total value of the cash sales.
•When selecting OK the system does the daily close for you and post it to the selected default account, and a Cash Up and Audit number is generated and displayed.
The general ledger entries are
Debit |
Credit |
|
Cash Holding Account |
R2500 |
|
Cash Control |
R2500 |
The last step is to create an adjustment journal and specify what the money was used for.
