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Learn about Cash Receipts

 

  

Cash Receipts reflect money that your company receives - mainly from your customers in payment of the goods and services you sell. 

 

The following example shows how Bob's Boats paid our invoice 12345 on 8-15.  Account 1020 is Cash in Bank, and 1100 is Accounts Receivable.

 

Trans. Date

J/E No

Description

Reference

DR or -CR Amt

Account

08/15/2003

CR-8

Bob's Boats Payment

12345

806.25

1020

08/15/2003

CR-8

Bob's Boats Payment

12345

-806.25

1100

 

 

 

 

 

 

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