It’s critical you handle all cash payments just as you would check, ACH, or credit card payments.

The payment should be accounted for in your CRM and MUST BE DEPOSITED into your business bank account.

Any cash you receive that you spend elsewhere or do not deposit into the business account is accounted for as an owner draw. Which can affect equity, especially for S-Corps.

So be sure to account for all cash as you would any other payment type.

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Updated 2/24/25