Recording Sales

Looking for Tips on Recording Your Sales?

Recording Sales is another one of the important bookkeeping tasks that you will have to master as a new small business owner.

How to Record Your Sales

Before we start download and print a copy of this sales record form.

Each time you make a sale, you should record the sale on the sales form. You do this by entering the transaction date in the date column.

For a cash or electronic sale you can just put 'Cash Sale' in the details column, for a sale to a credit customer you would enter the customer's name and the invoice number.

There are four money columns on the form to enable you to categorize your sales into cash, electronic or credit. This will make it easier to reconcile to your bank records and for coding when (if) you are entering the transactions into your bookkeeping system.

The final column on the form is a balance column. In most cases, the amount in this column will the same as the amount entered into one of the other column, but occasionally a sale will occur where the customer pays using a combination of cash and credit.

The graphic below is an extract from the sales records of a fictitious business to demonstrate how a transaction involving a combination of cash and electronic payments.

What's Next?

Now that you know how to record your sales transactions, you might like to check out some other basic bookkeeping tasks.

• Recording your petty cash transactions,
• Recording your expenses,
• Managing your asset records,
• Doing a Bank Reconciliation,
• Tracking your customers accounts, and
• Tracking your creditor accounts.

	Enter your search terms Submit search form
	Web www.how-to-start-a-small-business.com

Return to top of Recording Sales

Return to top of How to do Bookkeeping

Home | Privacy Policy | Contact