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Bookkeeping for Money Service Business/Check Cashing Business and Money Order Sales

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(@edna-sanders)
Joined: 2 years ago
Posts: 1
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Can someone help me with the correct bookkeeping for a money service business that cash check and sale money orders on a daily basis?  I have a potential new client that sales money orders and cash checks on a daily basis.  I have never had a money service business client before so I would like to know the correct way to account for each transaction.  A lot of cash is handled from and to the bank.


   
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