2J_Bookkeeper
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Joined 13 years ago
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Cash Out with EFTPOS Purchases
One of my clients gives cash out to its customers when a purchase is made. I've created a liability account for cash out but my question is, how do I know when the cash out has been deposited into the bank? I need to clear my cash out account back to zero but if I don't know when the funds have been reimbursed to the business, I can't clear the account. Does anyone know how the banks do this? Thanks in advance,Solved1.7KViews0likes2Comments