What is a money income magazine?

Journal about money income is a special record used in accounting, usually retailers. Includes recording details of the sale in a specific way. The cash income magazine, in turn, collects the relevant information in a way that facilitates copying across, aggregated to traditional double entry accounts. It works around the concept that each transaction is in exchange and therefore affects the overall wealth of society in two ways. For example, when a retailer sells a book, its cash balance increased by the purchase price, while the value of the total stock decreases.

to take into account it, each transaction is given in two separate columns in the accounts. One element of the transaction is listed as a debit and the other as a credit. This also performs an administrative function, because in every period of time, the sums for debit and credit columns should be identical. Where they do match, the usual explanation is that an extract or a mathematical error has been made. Regular check with thisIn a way he can catch errors and make it easier to find them than if they were left until the end of the complete accounting period.

The main disadvantage of double entry accounting is that it can be too complicated to perform every day, especially in reports where there is a specialized accountant who is not at hand for the actual retail side of business. This may be the case of a small company where the owner uses an external accountant or with a large business where the accountant works from a company with more retail stores.

The solution to this problem is a number of documents known as the book of the main entry or books of the original input. These are documents that can be used for the first time to easily record financial data, such as the Manager at the end of each day, working from reception. Examples include books dealing with banking transactions and purchases from suppliers.

one of theseAbout the books of the main input is the magazine Cash Targets. This includes every sales transaction that is in cash. In this context, cash means that the payment is more immediate than on the loan; It can cover the payment in physical coins, debit or credit cards and credits. In addition to the details of each transaction, Cash Targets will also give details such as discounts provided to the customer compared to the standard retail price. This may be important because companies often appreciate their existing shares on the basis of its expected final sales price and this award will assume that a full retail price will be received.