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Should I use My Sales (the sales ledger) to record sales?- My Sales is a very useful tool for recording sales. It allows you to
- Analyse your sales by customer.
- Analyse your sales by product or service.
- Monitor which customers owe you money.
- Search quickly for historic transactions.
- Record the sale, even if the cash received from the sale is not banked
- Therefore, we recommend that you record sales in My Sales, and certainly if one or more of the following apply:
- You are VAT registered
- You invoice your customers, and they owe you money
- If you are in hospitality or retail, you want to reconcile sales to cash banked.
- You want to maintain and analyse data about the products or services you have sold
- Not all the money you receive from your customers goes through the business bank account.
- Sales recorded in My sales appear in the Sales section in the By Category report and in the Profit & Loss Account report.
- If you need more help, contact us through the comment box, and we will guide you through.
- My Sales is a very useful tool for recording sales. It allows you to
- Analyse your sales by customer.
- Analyse your sales by product or service.
- Monitor which customers owe you money.
- Search quickly for historic transactions.
- Record the sale, even if the cash received from the sale is not banked
- Therefore, we recommend that you record sales in My Sales, and certainly if one or more of the following apply:
- You are VAT registered
- You invoice your customers, and they owe you money
- If you are in hospitality or retail, you want to reconcile sales to cash banked.
- You want to maintain and analyse data about the products or services you have sold
- Not all the money you receive from your customers goes through the business bank account.
- Sales recorded in My sales appear in the Sales section in the By Category report and in the Profit & Loss Account report.
- If you need more help, contact us through the comment box, and we will guide you through.
