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Depositing cash

MG
2022-04-22

Question

Hey everyone, I was at a market with my products last weekend. Most people paid with cash. How do I enter this in my income? Thanks in advance and have a great weekend!

Hello! Gosh, that doesn't make any difference. You should read this article in the learning center: A professional purchase paid for with your private bank account?

You should apply the same reasoning for your purchases to your income. How something has it been paid for is completely irrelevant. Cash, bank transfer, etc. plays no role whatsoever. Since you didn't create a sales invoice to those people, you can use daily receipts.

That's right, what the money does doesn't matter much in a sole proprietorship. Just put those documents (income, expenses) in your accounts and that's it. Cash or whatever, it doesn't matter.

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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