Online Test Banks
Score higher
See Online Test Banks
Learning anything is easy
Browse Online Courses
Mobile Apps
Learning on the go
Explore Mobile Apps
Dummies Store
Shop for books and more
Start Shopping

Tracking Cash: Bookkeeping Musts after You Get the Money

Part of the Bookkeeping Workbook For Dummies Cheat Sheet (UK Edition)

Receiving incoming money is all well and good, but as a bookkeeper you need to remember to take certain steps after it arrives. You need to:

  • Record transactions in your books.

  • Track individual customer accounts.

  • Record any discounts that were offered.

  • Track any returns or allowances.

  • Collect from customers to whom you sell on credit.

  • Monitor customer accounts to be sure they pay on time.

  • Write off accounts from customers who just won’t pay.

blog comments powered by Disqus

Bookkeeping Workbook For Dummies Cheat Sheet (UK Edition)


Inside Sweepstakes

Win $500. Easy.