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Thread: Tracking Customer Payments
Aug 4, 2006, 10:50 #1
- Join Date
- Jan 2004
- New York, NY
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Tracking Customer Payments
Currently I use Microsoft Money to handle all my personal AND business finances as the program lets me seperate and manage both from one place.
I was just wondering what should I do as far as tracking customer payments. When a customer pays me, whether its a check or cash should I:
- Track the payment in a seperate "dummy" account called "Customer Payments" and then transfer that money into whatever real bank account I want to.
- Track the payment as a deposit in my real bank account that I keep all my business finances in.
Thanks for any help.SK