[jaredd]

I have a new nightclub and use Quickbooks to track my financials. I use an older POS system for my nightly cash sales. A couple of friends with other nightclub businesses told me that they use their weekly bank deposits to track their net cash sales/profits for the week (cash sales - cash expenses = depostis/cash profits for the week). Is this legal?

The reason I ask is because my POS system is old and I cannot seem to print sales reports with it. Also, on occasion a few employees have not used the POS system when it is very busy and simply put the cash in the POS register.

[ISneezeFunny]

As long as your taxes are done legitimately, there's nothing illegal about the way you track your cash.

[jaredd]

As long as your taxes are done legitimately, there's nothing illegal about the way you track your cash.

Would this not be improper recording since I could simply take cash out of my register and deposit less at the bank, thereby showing reduce profits and reducing less taxes to be paid. Also, if I were ever audited would this be OK given that I have no proof of sales?