Daily Routine & Cash-Up
End-of-day cash-up checklist
Use this checklist to close the business day properly.
End-of-day cash-up helps you confirm that money, sales, expenses and transfers make sense.
Steps
- Make sure all sales are entered.
- Make sure all expenses are entered.
- Record invoice payments received.
- Record supplier bill payments made.
- Record transfers between Cash, M-PESA and Bank.
- Count physical Cash.
- Check M-PESA balance.
- Check Bank balance if needed.
- Enter closing balances.
- Review any discrepancy.
- Correct wrong records or add a note if unresolved.
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Bizwazi helps small businesses record sales, expenses, invoices, inventory, bills, transfers and daily balances so the money makes more sense.