I buy stock cash and my daily sales are cash or card.
I entered my daily sales under Journal Entries and opened a cash account for each month. However the cash deposits from sales I do twice per week. At the moment I think showing the cash sales deposits under the cash accounts show up as duplicate sales in the journal.
How do I handle cod orders and cash sales with cash deposits from till into the bank twice weekly?
I have also opened capital accounts for funds contributed by a member of the business. However, there are two large payments for stock bought with the shop that was from the member’s personal account directly to the landlord, not to the business account, how do I enter this?