Before you proceed to configure Cash Books, please read through the below.
Basic idea of how / when do you use the cashbooks
- When you received payment from customer, either from POS, by creating an Official Receipt or settle invoices, the money will be recorded in the appropriate cashbook.
- When you make payment to supplier, you will need to choose from which cashbook the money will be deducted from.
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- Banks:
For Cash Books that represent your actual Bank Accounts, you will only create 1 Cash Book for each of the Bank Account. This is so that you will have a consolidated transactions for Bank Reconciliation later. - Cheque/Post Dated (PD) Cheque:
For this, it's pretty much up to you. The rule of thumb is, if you want to be able to keep track of all cheque transactions for each of the branches separately, you will need to create separate Cheque Cash Books for each of the branches. Else, just 1 single Cheque Cash Book shared by all Branches will do.