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faq:cash_clearing_overview

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faq:cash_clearing_overview [2008/07/22 17:25]
cliff
faq:cash_clearing_overview [2008/07/22 17:27] (current)
cliff
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 ==== What if I don't reconcile the GL ==== ==== What if I don't reconcile the GL ====
 The only way to make sure the sum of all of the work you are doing in the system is correct is to reconcile the GL. There are many places to make mistakes. Checking that the balance comes to $0 allows you to verify that the system, and all of the policies & procedures you use in daily business operation add up to the correct outcome. It is important to check on this regularly so you can find ways to stop things from going out further. ​ The only way to make sure the sum of all of the work you are doing in the system is correct is to reconcile the GL. There are many places to make mistakes. Checking that the balance comes to $0 allows you to verify that the system, and all of the policies & procedures you use in daily business operation add up to the correct outcome. It is important to check on this regularly so you can find ways to stop things from going out further. ​
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 ===== Types of things that throw out your cash clearing ===== ===== Types of things that throw out your cash clearing =====
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   * Changing invoices from previous days. Adding product, removing product, changing quantities, changing prices, changing taxes or anything else that changes the total of the invoice will change the amount of change given for cash invoices. Any changes to tendered amounts will effect the GL on that date, but be recorded on todays POS Transaction summary report. ​   * Changing invoices from previous days. Adding product, removing product, changing quantities, changing prices, changing taxes or anything else that changes the total of the invoice will change the amount of change given for cash invoices. Any changes to tendered amounts will effect the GL on that date, but be recorded on todays POS Transaction summary report. ​
   * Incomplete deposit journal entries, or entries with incorrect amounts   * Incomplete deposit journal entries, or entries with incorrect amounts
 +  * Deposit journal entries that only deposit part of the funds received
 +  * 
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faq/cash_clearing_overview.txt ยท Last modified: 2008/07/22 17:27 by cliff