what is the difference between cash sale and customer receipt.does it give the same sense of meaning

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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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  • Rebeccascott
    Rebeccascott Registered, Tutor Posts: 39
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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
    Rebecca
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