If the business is taking cash in on a daily basis (for instance hairdresser) and this is entered in as money in at the end of the day does it need tagged?
Would this be like cash takings from a till? If so, the best way is to create a “daily” invoice and tag it that way
Edit: May be worth having a look at this link:
http://help.quickfile.co.uk/main/1/accounting_for_daily_takings.htm?searchTxt=till&criteria=
Theoretically you don’t need to tag anything. It helps if you tag everything though, it makes it a lot easier.
Thanks for replies
Michael