what is the difference between cash sale and customer receipt.does it give the same sense of meaning
Durga_Dhakal
Registered Posts: 18
Hello Friends, can any one give me little idea how to do bank reconciliation at sage 50. small help will be great?
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Comments
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Hello Durga
The title of your post is somewhat different to the content of your post. I will address the title.
A cash sale is a sale where money is received from the customer immediately. This can be by cash, cheque, card etc. The name 'cash sale' is a little misleading as it is a sale that the customer pays for immediately using any form of payment method (not just cash).
A credit sale is a sale where the customer does not pay immediately. When the customer does eventually pay, it is called a customer receipt.
Kind regards
Rebecca2
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