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Provide separate columns for more frequent transactions, use the Other Accounts column for less frequent transactions, normally individual columns would be considered for the following accounts, if applicable.Account number in the Posting Reference column indicates that the transaction in the Other Accounts column have been individually posted to the applicable account. For those not recorded in the general journal, identify the special journal where each should be recorded. Journalize its transactions that should be recorded in the general journal. – Dash indicates that all amounts will be posted as a column total Business Accounting Biloxi Gifts uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. They are fully (and only) integrated with Deposits to help you control. – √ indicates amount in Accounts Receivable credit column has been posted to the Accounts Receivable Ledger The cash receipts journals you set up do not have a separate transaction entry window. – If cash is received from sale of fully depreciated equipment, specify the account credited as Gain on Sale of Equipment, use the Other Accounts column

– If cash is received from entering a loan agreement, specify the account credited as Loan Payable, use the Other Accounts column – If a cash sale, use the description Cash Sale – If cash is collected on accounts receivable, specify the customer name such as “ABC Inc.” It is a chronological record of the cash receipts by a business.

The first column that is posted to the General Ledger is the bank column of the Cash Receipts Journal. When posting to the accounts receivable ledger, a reference to the relevant page of the cash receipts journal would be included.