How to increased cash in hand in property concern

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Kollipara Sundaraiah (Querist)
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19 March 2020 Iam finalization accounting books data up-to-date in property concern.cash on hand is very low.how to many ways of cash on hand increased producure in proprietory concern.

Eswar Reddy S

Eswar Reddy S (Expert)
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19 March 2020 There should be proper reconciliation of cash book on monthly. Cash in hand as per cash book must match with the cash in hand as per accounts. Reasons for low cash balance: You might have forget the double entry for cash deposits.. Go to cash book/ledger in Tallyerp9/any other accounting software there will be negative balance which display in red colour. If you deposit cash to bank account then you must pass the source entry for cash--Is it received from customer? Is it received from proprietor?? Is it the cash in hand deposited??

Eswar Reddy S

Eswar Reddy S (Expert)
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19 March 2020 When you deposit cash to bank then you must account from where the cash has received to avoid the negative balance.. When you withdraw cash from bank account for expenses then you must pass contra entry first to increase the cash in hand .. Check the double entry for the cash deposits Cash withdrawals Cash received Cash paid

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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20 March 2020 Negative cash balance rectify how many options.