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Hey yall, i have another question. How do you guys record collections? The problem is the money you take out of the machine is not the exact amount of money from total sales. For example, I collect $100 in bills from a soda machine that vends cans at $0.75. For every dollar someone puts in, they get a can and a quarter back. The machine usually has a counter and that will read total sales is $75. However, when you deposit in the bank, you are depositing $100. How do you all reconcile the money collected and the money from actual sales? I want to do collection records for my tax records but am confused how I would do the reconcilliation between what I collected, what I should have collected, and the balance in the company account.
