If you set up Point-of-Sales system, you need to select default Cash Sales Account, which will be used to Invoice those customers who buys goods and pays cash or by cheque or by credit card.
To create a Cash Sales Account:
Click on the Edit - Accounts - Debtors menu option or press the and and and keys on your keyboard. The Debtor Accounts and the Debtors search facility screens will be displayed.
Press the key or click on the Close button to close or exit
the Debtors search facility screen. Enter a six-digit Account Number, (e.g.
0CASH) in the Account Number must be prefixed numerically, followed by 5 alpha
or numeric characters. As with debtors, the numeric prefix can be used to group
debtors according to your requirements. For example, use the prefix 0 to
differentiate the debtors from the creditors, followed by the first 5 letters of
the debtorsí name or other number to suit your requirements. The following
Confirmation screen will be displayed:
Click on the button. Enter the name for your Cash Sales or Cash Customer Account - (e.g. Cash Sales) and leave the rest of the fields on this screen (including the Statements and the Accounting Information tabs) blank.
Click on the button and press the key on your keyboard twice to close or exit the Debtors search facility and the Debtor Accounts screen.