Cash Flow
Deposits
The deposit function is useful for businesses that receive cash payments from their customers such as retail stores, restaurants or service providers. By using the deposit function, you can:
Keep track of your cash flow and balance
Generate receipts for your customers
Monitor your sales performance and trends
Reconcile your cash transactions with your bank statements
Avoid errors and frauds in handling cash
To use the deposit function, you need to follow these steps:
Log in to your Humblebear CRM account and go to the Cash Flow tab.
Click on the Deposit button on the screen.
Enter the amount of cash you received from your customer, the date and time of the transaction and the name of the customer (optional).
Click on the Save button to record the deposit.
You can also print a receipt for your customer by clicking on the Print or Email buttons on the bottom of the screen.
You can view and edit your deposits by going to the Sales tab and clicking on the Deposits button on the left sidebar. You can also filter, sort, and export your deposits by using the options on the top of the screen.
Withdrawals
The Withdrawals function within the Humblebear CRM system offers a convenient way to document cash payments made to vendors or employees. This feature is particularly useful for monitoring expenses and keeping track of cash flow. The Withdrawals function allows users to attach receipts or invoices to their entries, providing essential documentation for accounting purposes. To access the Withdrawals feature, click on the Withdrawals tab and enter the necessary details, including the payee, amount, date, category, and additional notes. Users can also upload a file or take a photo of the receipt or invoice. Once the pay out is saved, it will be reflected in the expenses dashboard and reports, allowing for clear and concise record-keeping.
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