1. Find out what were the total cash sales for the day
To do this, go to Inventory -> Receipts & Payments -> Sales
2. Set the initial balance of the cash balance
(only if it’s the first time when using the accounting ledger)
Go to Inventory -> Receipts & Payments -> Accounting Ledger -> Set Initial Balance
3. Write down the total cash sales in the ledger
Go to Inventory -> Receipts & Payments -> Sales
Click on “add operation” and follow these steps:
Step 1 – Choose “Sales”
Step 2 – Choose the Operation type – “Daily Report”
Step 3 – Choose the date for which you want to record the daily intake
Step 4 – Write down the document no. of the operation (for internal management purposes)
Step 5 – Write down the sum from the “Revenue Intakes”.
Step 6 – (Optional) Write down an explanation for the sum or the name of the person that is making the operation.
4. Checking the cash report
Go to Inventory -> Receipts & Payments -> Accounting ledger
Filter the time period to match the days you want to check.
You will then be able to see the cash balance for:
- Beginning of day
- End of day
- Total balance over the selected period