It is essentially the same as the other column on the debit side, with the exception that instead of an account name sub-column, it has a Ref. One change that may improve the other accounts column for businesses with a number of accounts would be to switch out the account names sub-column with an account number column.įor the credit columns, most businesses will include columns for accounts receivable and sales however, often, more or different columns can be used depending on the particular transactions that a business regularly uses.įor our example, the credit column includes one additional column, which is for other accounts.
This is only an example, and these columns can easily be customized for the particular business’s needs. In this column, there are three sub-columns including: In the example, you will see that there is only one other debit column, and this is the other accounts column. More columns will often be included if a business regularly performs a specific type of transaction. In the debit column of a cash receipts journal, there will always be a cash column and, in most cases, a column for sales discounts. This includes cash sales, receipt of funds from a bank loan, payments from customer accounts, and the sale of assets.īelow you can see an example of a typical cash receipts journal.Īs you can see, a cash receipts journal will generally include a number of columns, and this is due to the many types of transactions that can result in cash returns. Loans of Capital from Banks or IndividualsĪ cash receipts journal is used by companies to record all cash received from any source.This journal is used particularly to record receipt of cash from all sources.Ī business can receive cash from many sources, and the most important include: The cash receipts journal is a specialized accounting journal and is an important part of the general journal.
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