A real question about cash payments.

Question

We have all been there I am sure, a customer asks you if you would accept cash for the job. No one wants to turn down a payment but also we need to run a legitimate business! If anyone has a solid answer for this I would love to hear it...When do you turn down cash and just say "I need to invoice through the company?" Do you keep track of a certain amount of cash you accept per month then just say you need to bill normally? Do you stay strong and just say sorry, no cash? Or do I just do what the little devil on my shoulder is saying and take cash and move on happily?

This may be the dumbest post on here as I think I know the answer, but just want to know if anyone came to a solid conclusion here.

julie · Answer

Omg not dumb at all. I see this question being asked all the time!

I know some businesses will provide a receipt to prove they collected money when someone pays cash, then follow up with a paid invoice by email or mail the next day. That way that there is still a transaction trail.

But in the end, it's completely up to the business owner on how they want to run their operations

judithvirag · Answer

We do accept cash but we still invoice it and charge taxes.&nbsp; If they want to pay in cash thinking that they can get a discount, we let them know that we are a large business and even if they pay in cash they will be invoiced with taxes.&nbsp; Very rare now but if we do get paid in cash I either deposit it in the account and match it to the invoice or put it in our petty cash and match it to the invoice.&nbsp;

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A real question about cash payments.

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