Cash flow is the heartbeat of any business, but simply tracking your sales isn't enough. A truly accurate ledger must capture every unit of currency entering your accounts, whether it comes from a settled invoice or an unexpected source like a grant, a capital contribution, or an asset sale. This is where the often-underutilized "Receive Money" feature in your Books by DealPOS becomes your most valuable asset. Far more than just a simple cash entry, this tool allows you to instantly record and correctly categorize diverse income streams, paving the way for easier bank reconciliation and reliable end-of-year reporting.
Please refer to the article below to learn in more details.
For growing businesses, receiving a substantial investment is exciting, but it requires careful accounting. Since this money is a capital infusion and not revenue from a customer, using the "Receive Money" feature correctly is essential to properly categorize the funds and keep your books clean.
Step 1. Navigate to Journal Menu
Step 2. Select Receive Money
Step 3. Fill in the Details
For example you get an additional capital for the business in cash from the owner's capital. Please follow as the screenshot below. Once you are done click the Submit button in the right corner.
Note:
This is only provided as an example; please adjust it accordingly for the selection of the Chart of Accounts (COA) accounts
Step 4. Successfully Input Receive Money
Once the Success pop up button has appeared, you will be directed to Manual Journal menu.
Related Articles:
To invite user account to Books. Please refer to the following article: How to Invite User to Books
To learn more details about group users. Please refer to the following article: How to Invite User to Books
To manually submit journal in Books. Please refer to the following article:
DealPOS is an online point-of-sale (POS) application specifically designed for retail businesses in categories like Fashion, Minimarkets, Electronics, Fresh Food, and Building Material Stores.
With DealPOS, you can manage both online and offline store inventory in real-time on a single platform. You can also sell through omnichannel (offline and online) as DealPOS integrates with marketplaces (Shopee, Tokopedia, TikTok Shop, Lazada) and instant web stores (Shopify and WooCommerce).