A special journal (or specialized journal) used to record money received. In a manual system
this will allow one entry to the Cash account for the month (or shorter periods) instead of
debiting the Cash account for every receipt.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.