Cash Loans - How to Set Up a Cash Receipt Journal
Cash loans receipt journal is a what we called a bookkeeping tool that are being used to record all of the cash a business receives. This said bookkeeping method does not record any business expenses or some payments that are made on a business's behalf. A cash receipt journal will help you manage a company's cash loans flow and will keep track of your sales and some accounts receivable, and then as well as you have provide a supporting document for other tax returns.
In labeling the the cash loans receipt journal clearly will allow you to prevent from a recording inappropriate, non-cash related business transactions by a mistake. An addition to this is to indicate the journal for cash loan receipts and add the name of the business to the front of the journal if you are having more than one business.
