📄️ Invoice Daily Balancing
Daily balancing is a two-step process. First, the cash drawer needs to be balanced and what is being deposited into the bank needs to be balanced. There are many variations of this routine dependent on your locations, how many departments are within each location, and which bank each store physically deposits the money to.
📄️ Accounts Receivable - Daily Procedures
The AR daily procedures consist mainly of taking payments and balancing the bank deposit. The first step is to complete the invoice posting. That gives you the total money taken at the cash drawer. In AR, we add payments on account and that gives you the total being deposited into the bank. AR daily procedures is broken out into the following steps: