u/Shouldnt_b_difficult

Daily Transactions

Hello bookkeepers. Let’s say there is a small construction company with 1 or 2 employees and the company averages 5 transactions per day, usually meals and materials/supplies. If you are a bookkeeper for this company, do you journal these transactions daily into your software? Do you enter that $10 McDonalds meal? Or that $5.68 bucket from Home Depot? Or on a weekly or monthly basis, you download their bank transactions, separate the income/expenses, categorize them, and do a journal entry in the accounting system for each expense account? Thanks ahead for any replies.

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u/Shouldnt_b_difficult — 4 days ago