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SamerBaqain
Level 1
posted
‎July 23, 2022 09:04 AM
last updated ‎July 23, 2022 9:04 AM

How to keep track of cash collection

Hello, In my business several freelance doctors, nurses and collection employees collect money from customers and i want to know how can i keep track of how much cash all the employees have before they give them. Currently i am using excel but i am afraid that some collections might not be recorded. Is there a way to link the collection to the customer and to the person who correctly holds the money

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1 Comment 1
AbegailS_
QuickBooks Team
QuickBooks Team
‎July 23, 2022 11:14 AM

How to keep track of cash collection

Hi there, @SamerBaqain.

 

Thanks for posting here. Allow me to assist you in handling cash transactions.

 

You'll want to set up cash on hand account. You'll use this account to keep track of transactions that don't affect your bank accounts. You can, for example, keep track of money that hasn't been deposited yet or expenses that don't come immediately from a bank account.

 

Follow these steps:

  1. Go to the Accounting menu and select Chart of Accounts.
  2. Select New. Choose Bank as the Account Type, Cash on hand as the Detail Type, then enter a Name.
  3. Tap Save and Close.

 

I added some articles for more details on how to track the money moving in and out of your business:

 

Fill me in if you have further questions about handling cash income in your QuickBooks Online account. I'll be happy to help you again. Keep safe and have a good day.

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