Amateur Accounting question: Should a Cash Sale ev...
# accountingm
mightyd3
10/13/2021, 3:15 PMAmateur Accounting question: Should a Cash Sale ever move out of the Account it is originally set to?
mightyd3
10/13/2021, 3:19 PMGuessing no.
k
KevinJ of Kansas
10/13/2021, 5:09 PMMaybe?
KevinJ of Kansas
10/13/2021, 5:09 PMDepends on what it's trying to go
KevinJ of Kansas
10/13/2021, 5:09 PMDo rather
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mightyd3
10/13/2021, 5:10 PMCash Sale to Undeposited.... sits there forever, and then Deposit is created against that with the Bank Account.
mightyd3
10/13/2021, 5:10 PMThats the standard NS process?
k
KevinJ of Kansas
10/13/2021, 5:16 PMTypically, yes
KevinJ of Kansas
10/13/2021, 5:17 PMYou could have a cash sale that sits in undeposited funds that gets moved into a bank account on the cash sale itself if that matched the bank deposit exactly
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mightyd3
10/13/2021, 5:18 PMbut in the scenario you have 1,000 cash sales on a single deposit, that wouldn't be the process?
k
KevinJ of Kansas
10/13/2021, 9:22 PMno, you would record it to undepsotied funds and then have a deposit transaction to move it to desired bank account