What does ‘cash on hand’ mean in bookkeeping? S6E2

Send us a text message! But please include your email or a way to get in touch with you. This feature is not two way!

When your POS totals don’t match your bank deposits, the mystery usually comes down to three little words.  Don't worry, our favorite Bookkeeping Mensch, Paul Rosenblum, is here to break down the tricky world of cash on hand. From POS systems and sales tax to tips, deposits, and those frustrating month-end discrepancies, he explains how this account works, why it’s so confusing, and what both bookkeepers and business owners need to understand, including:

• 💳 How POS systems track sales, tax, and tips
• 🏦 Why deposits rarely match end-of-month sales
• 📊 What “cash on hand” looks like in the books
• 💵 Common mistakes with cash, checks, and payroll
• 🤝 How communication between owners and bookkeepers prevents messy books

With real-world examples and clear explanations, Paul gives you the clarity and confidence to spot cash-on-hand issues before they snowball into messy books and costly fixes.

Support the show

👀 Read about the podcast: Why an Indie Accounting Podcast Is Not Boring! https://vocal.media/trader/why-an-indie-accounting-podcast-is-not-boring

📞 Leave a voice message for Paul:

https://www.speakpipe.com/PaulRosenblumPodcast

😄 Send him a text message (remember to include your contact info)

https://www.buzzsprout.com/twilio/text_messages/2188873/open_sms

🎧 Producer Steph: https://www.coffeelikemedia.com/

💸 Website: https://bookkeepermensch.com

🎵 Music: SourceAudio: https://www.sourceaudio.com/

🔉 Sound effects: https://freesound.org/people/metalfortress/sounds/611788/

📨 Email: [email protected]