Counting Accounting

Cash Over and Short Account

What is a Cash Over and Short Account? A cash over and short account is a record that tracks the differences between actual cash on hand and the expected amount of cash. This account is commonly used in businesses where cash transactions are frequen…

Cash Over and Short Account

In any business, keeping track of cash is of utmost importance. Every penny in and out of the cash register must be accounted for. This is where the cash over and short account comes in. It is an accounting tool that helps businesses keep track of t…