Cash Receipts Journal – What is Cash Receipts Journal?

Accounting Glossary 

Cash receipts journal definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. Cash receipt journal can be defined as: Special journal normally used to record all receipts of cash. Cash receipts journal can be used in an accounting system reporting by hand, a cash receipts journal making the transactions related to receipt of cash easier, or faster, by providing a journal format rather than having to record and post the debit and credit for each entry. The cash receipts journal can then be summed up and put into the system at the end of a time period. A cash receipts journal also represents a format of data that can be desirable in a computerized system as well, computerized system often being able to generate reports in a similar format as the cash receipts journal.