Monthly journal reports break down every sale and cash receipt posted during the selected month into debits and credits. Your accountant uses these journals to prepare your company’s financials.
The Sales Journal lists all daily credit sales totals for the specified period, grouped and subtotaled by business unit. It shows you how much you billed.
Each business unit has its own page(s), and in addition to listing the business unit’s sales as debits in Accounts Receivable and credits in Revenue at the end, it lists the number of jobs and invoices included in that amount.
The Cash Receipts Journal lists all daily cash inflows for the specified period, grouped and subtotaled by business unit. It shows you how much money you received.
Each business unit has its own page(s), and includes the total amount for each applicable account per business unit, crediting sales and debiting cash and other transactions.