Closing method of cash book

First, the current amount is divided into two types: daily and monthly.

1. At the end of the day, cash book must make a daily settlement of the amount incurred on that day, and draw a red line under this column, add the amount of income incurred on that day and the amount of expenditure incurred on that day, mark "Total Today" in the "Summary" column, and then draw a red line below, and the "Total Today" balance column can be left blank.

2. Monthly settlement: cash book should settle the amount of this month. After registering the last data of each month and adding "today's total", the amount of this month should be settled to the following line. The method is to add up the daily income and expenditure, mark the words "Total this month" in the column of "Summary", and then draw a red line below.

3. Year-end carry-over. After the amount and balance of "Today's Total" and "This Month's Total" are calculated from the last data in cash book, two red lines are drawn at the same time, indicating that all cash receipts and payments in this year have been accounted for, and the "Summary" column in the next line should be marked "Carry forward to the next year", so that the year-end cash balance will be automatically carried forward to the beginning of the next year without manual balancing. If there is a blank line in the cash book account page after the year-end balance is carried forward, there is no need to write it off.

If you want to buy a new account at the beginning of the year, you can use the closing balance of the previous year as the opening number of the next year, and indicate' carried forward from the previous year' in the summary column.

Second, balance. Finish the last data of each diary, make the balance of the day and check it with the cash on hand.