Cash entry in companies is an important component for recording financial transactions. The
Cash Book is one of the documents that the company can provide in the event of a check. It is also an essential position for strategic decision-making.

Cash Register Management for Cash Sales

At a point of sale, the cash register is the first terminal on which the various transactions are recorded. Opening of the cash register, the closing of the cash register, collection and return of money are part of the everyday life of the sellers. We must be able to take care of the customer's means of payment, as well as commercial gestures such as discounts. Powerful cash register software also allows the billing of different ranges of products and services or the consultation of stocks.

Accounting for Cash Transactions

The accounting entries relating to the fund concern specific accounts, depending on the method of payment and whether it concerns collection or disbursement. Records are always in chronological order, without any erasures or blanks. This level of requirement naturally leads to the use of dematerialized accounting tools. When there is a cash payment, the Cash Book is updated in detail for all sales above € 75 per transaction. When sums are less important, it is possible to transcribe at the end of the day.

The accounting of payments must be thorough for the publication of the cash journal. When the day is not closed, we will talk about X cash. This allows a temporary state. For final closure, the software issues a cash Z. It is also called the Ticket Z, which summarizes the whole day.

Business Management: Track Cash Transactions

The careful monitoring of the cash balance is essential for the management of the company and the evolution of its revenues. It is common for a business to count all means of payment in the fund (cash, check, bank card, etc.) in order to track its activity over different periods. These analyses make it possible to determine the commercial strategy, by analyzing, for example, phenomena of seasonality.

The balance of the cash is always debit. In accounting, all Cash Transactions are transcribed in the cash register. Sales enable collections, while purchases and remittances create disbursements. When the balance is creditor, it means that there has been more outflow of money than inflow. The revenues of a company increase its turnover. However, the cash balance does not match the sales! Indeed, this last indicator represents only the entries of money.

Cash register software solutions are now enabling data to be decentralized to make better use of them. Indeed, the connection with the accounting software facilitates the registration of supporting documents and the entry of accounting entries.

Sounds like you definitely need a POS.