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  2. Cash receipts journal - Wikipedia

    en.wikipedia.org/wiki/Cash_receipts_journal

    A Cash receipts journal is a specialized accounting journal and it is referred to as the main entry book used in an accounting system to keep track of the sales of items when cash is received, by crediting sales and debiting cash and transactions related to receipts.

  3. Cashier balancing - Wikipedia

    en.wikipedia.org/wiki/Cashier_balancing

    Cashier balancing [1] or cashing up is the process of a cashier counting the money in a cash register at the end of a business day or working shift. The process is usually conducted in businesses such as grocery stores, restaurants and banks, and makes the cashier responsible for the money in their cash register.

  4. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    For example, when a vehicle is purchased using cash, the asset account "Vehicles" is debited and simultaneously the asset account "Bank or Cash" is credited due to the payment for the vehicle using cash. Some balance sheet items have corresponding "contra" accounts, with negative balances, that offset them.

  5. How do cash back receipt apps work? - AOL

    www.aol.com/finance/cash-back-receipt-apps...

    To maximize the money you earn with cash-back receipt apps, consider combining them with cash-back credit cards. You can earn an additional 1.5 percent to 6 percent from a cash-back credit card on ...

  6. Imprest system - Wikipedia

    en.wikipedia.org/wiki/Imprest_system

    For instance, if the starting balance of the petty cash fund is $100, and $90 is spent during the month, the fund is replenished by crediting $90 to the primary cash account, typically a bank account, and debiting the respective expense accounts based on the petty cash receipt dockets.

  7. Reconciliation (accounting) - Wikipedia

    en.wikipedia.org/wiki/Reconciliation_(Accounting)

    To ensure all cash outlays and inlays match between cashflow statements and income statements it is necessary to carry out reconciliation accounts. [ 3 ] Reconciliation is a process that may benefit businesses as this may help avoid balance sheet errors which may have led to detrimental ramifications; in addition, reconciliation may help ...

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  9. Bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Bookkeeping

    This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier. This money is to cater for minor expenditures (hospitality, minor stationery, casual postage, and so on) and is reimbursed periodically on satisfactory explanation of how it was spent.