Daily cash position

Reconcile a cash box#

1. Open it

   Go to Reports → Financial reports → Daily cash position.

2. Pick the day and the account

   One payment account at a time.

3. Compare with the real balance

   Count the cash or open the bank statement.

4. If they differ, work down the movements

   Look for a missing receipt, a duplicate, or one dated on the wrong day.

Rules that keep it reconcilable#

Never post a balancing entry to make a cash box agree. A plug figure hides the very error you needed to see.

• Date every receipt on the day the money actually moved.
• Record transfers between accounts as a movement out and a movement in, not as income.
• Reconcile daily where cash is handled; weekly is already too late to remember.