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Aug 12, 2022 1:24 PM UTC
Question

i run a public house and the money banked in the bank is my nett takings so what do i do to account for my gross takings less cash payments please

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1 reply

Aug 12, 2022 2:52 PM UTC

Hello Thesaddlerspub-g, 

 

Welcome to the Community page, 

 

We would advise you speak to an accountant as they would be best to advise on how to record this correctly in your account. However if you are meaning the total amount you deposit then you can record the sales to undeposited funds or cash on hand, make any payments from the same account and then record bank deposit from undeposited funds/cash on hand to the bank account.