What strategies should the gift shop implement to ensure proper accounting for cash receipts from online sales?

rebecca: What strategies should the gift shop implement to ensure proper accounting for cash receipts from online sales?
A small gift shop has just launched a new Web site where customers can purchase products. The Web site’s e-commerce software systems automatically generate daily sales reports and forward the reports to the gift shop’s accountant. The gift shop uses an online e-cash processing company, which deposits cash receipts to the gift shop’s bank account automatically. What strategies should the gift shop implement to ensure proper accounting for cash receipts generate from online sales?

Answers and Views:

Answer by Journal Entry
Make sure you reconcile the cash deposits with the e-commerce software report.