Latest / The (Not Boring) Boring Small Business Bookkeeping and Accounting Podcast
What does ‘cash on hand’ mean in bookkeeping? S6E2
When your POS totals don’t match your bank deposits, the mystery usually comes down to three little words. Don't worry, our favorite Bookkeeping Mensch, Paul Rosenblum, is here to break down the tricky world of cash on hand. From POS systems and sales tax to tips, deposits, and those frustrating month-end discrepancies, he explains how this account works, why it’s so confusing, and what both bookkeepers and business owners need to understand, including:
💳 How POS systems track sales, tax, and tips
🏦 Why deposits rarely match end-of-month sales
📊 What “cash on hand” looks like in the books
💵…
The skinny
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