How to record credit transactions in your books? (Business Opportunities - Home Business)

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How to record credit transactions in your books?


How to record credit transactions in your books?

You might be having a manual method to see how much your customers owe you. You must be having a filing system to file a copy of your sales invoices and send the original to the customer. Then transfer to another file once you have received payments for the invoices. Fair enough, you control your receipts in that way, but an accounting system needs to implement if the business grows for that you need a proper sales ledger.
By maintaining sales ledger and sales daybook, you will have all the details of all your customers and the amount that each one of them owes you. Then again, know the total amount of sales done for a specified period. https://amzn.to/2VX5kXp
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How do I know that I have done it correctly?
The answer is a control account, used to monitor all the entries made in the sales ledger. The total sales receipts in the cashbook column and the total sales from the sales daybook transferred to the control accounts. Visit https://tinyurl.com/zerylyl for more.


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Target State: All States
Target City : London
Last Update : Oct 22, 2019
Number of Views: 29
Item  Owner  : Vathani Ariyam
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Contact Phone: 7415003212

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