FrontAccounting forum — Cash Sales

Re: Cash Sales

2013-11-21T16:25:52Z

Wiki-ed it.

Re: Cash Sales

2013-11-11T18:36:07Z

joe wrote:

Today you simply setup a cash account in the Pos setup, Setup tab.
This wasn't possible back in 2008.
Joe

Thank you Joe, that is correct.

Re: Cash Sales

2013-11-11T18:34:46Z

Ok, solved the problem. The problem was precisely that I had the cash account as a bank account so trying to set up the "Account Receivable Account" as a cash account wasn't available for me. Thanks anyways.

Re: Cash Sales

2013-11-11T17:18:55Z

Today you simply setup a cash account in the Pos setup, Setup tab.

This wasn't possible back in 2008.

Joe

Re: Cash Sales

2013-11-11T16:54:24Z

Hello. I also have this problem. I tried setting the "Account Receivable Account" to the cash account but the list filters out the cash account I want. The cash account is registered a cash account in Setup > Bank Accounts. What am I doing wrong? Please help. Thank you.

Re: Cash Sales

2008-04-10T03:50:16Z

Thank you Joe!

Re: Cash Sales

2008-04-09T20:28:05Z

There are several ways of doing this. The most common one is to set up a cash customer with a cash branch. In the branch select a cash account as 'Account Receivable Account'. Set the 'Payment Terms' on the cash customer to 0 days.
This should do it. You will get all the statistics with this approach.

/Joe

Cash Sales

2008-04-09T12:05:58Z

Hi Joe,

How do we enter cash sale into the system?

This sale would necessarily be a counter sale. Customer just walks in, buys the items by paying the cash.

Cash account would be affected and not the accounts receivable.

Regards,
Amol