Transfers
Cash to Bank transfer example
Record cash deposited into the bank as a transfer, not as a sale.
When cash from the business is deposited into the bank, it is a transfer between your own accounts.
Steps
- Open Transfers.
- Choose Cash as the from account.
- Choose Bank as the to account.
- Enter the amount deposited.
- Add a note such as cash deposit.
- Save the transfer.
Why not record it as a sale?
- The sale was already recorded when the customer paid. Depositing the cash only moves money from Cash to Bank.
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Bizwazi helps small businesses record sales, expenses, invoices, inventory, bills, transfers and daily balances so the money makes more sense.