Cash Book
A Cash Book is a financial journal used to record all cash transactions made by a business or organization. It serves as a subsidiary book to the main ledger, specifically designed to track cash inflows and outflows. Every time cash is received or paid, the transaction is recorded in the cash book.
To access the Cash Book, go to: > Home > Application > Finance > Reports > Cash Book
How can I get Benefit ?
- Track Cash Flow : Monitoring incoming and outgoing funds gives you a clear financial overview, allowing you to anticipate expenses and make informed decisions to maintain financial stability.
- Control Spending : Tracking expenses helps identify overspending areas, enabling you to cut unnecessary costs and prioritize essential needs, freeing up funds for investment or savings.
- Avoid Errors and Fraud : Regular financial tracking helps detect discrepancies, errors, or fraud early, ensuring corrections are made promptly and reducing the risk of financial mishaps.
- Accurate Financial Reporting : Keeping organized, up-to-date records ensures reliable financial reports, vital for decision-making, investor pitches, and assessing business performance.
- Tax Compliance : Proper tracking provides the necessary documentation for accurate tax filings, reducing the risk of penalties and audits and ensuring a stress-free tax season.
- Easier Bank Reconciliation : Regular updates make it easier to match your records with bank statements, quickly identifying discrepancies and ensuring accurate, efficient reconciliation.
Properties
Primary Properties
| Property | Description |
|---|---|
| Account Ledger | Select the Account Ledger from the dropdown |
| From Date | You can select the start date for the report |
| To Date | You can select the end date for the report |
Cash Book Reports
- Select the Account Ledger from the dropdown.
- Set the From Date and To Date to define the period for the report.
- Click on
Show
- This report provides the particulars of Voucher date , Voucher No. ,Ledger details , Voucher type, Debit and credit amounts within the specified date range.
Edit Transaction
- Choose the transaction and double click on it.
- Make Necessary changes.
- Click
Save.
info
Editing a Purchase Voucher is not allowed after it's been recorded.
Delete Transaction
- Choose the transaction and double click on it.
- Make Necessary changes.
- Click
Delete
danger
Deleting a transaction from the ledger will cause a variation in the closing balance.