There is more to the payment made in a sales transaction. A customer may pay in cash, through mobile money, by bank transfer, or only part of the amount may have been paid. But if the business owner cannot trace and confirm where the money went, it is difficult to know whether sales revenue has been properly accounted for.
Record Each Sale and Its Payment
Every sale should have a clear record showing the amount charged and how the customer paid, where payment is made and the make up of payment. Any discounts and unpaid amounts should be in the record. With this information, you can check accountabilities for each transaction, identify missing payments, confirm outstanding customer debts, and progress this information correctly through an accounting process and create a permanent record.
Maintain Control of Sales Revenue
Tracking sales and their payments helps business owners reconcile the amount received and wallet credited, with the stock or service movement, and any amounts still owed. When discrepancies arise, they can be investigated promptly.
BORESHABiZ® helps business owners track sales transaction details, income, customer debts and stock movements all at the same time giving you the visibility you need over the process as well as the impacts to the business.
Download BORESHABiZ® and subscribe today to start improving visibility and control over business sales and income.
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