What is the difference between a cashbook and a journal?
submitted by karim

tilly

The main difference is that a cashbook only keeps track of cash inflows and outflows, like when you get paid or pay cash.

A journal is where you record all kinds of transactions first, like sales on credit, purchases, or even cash payments. So, the journal is broader, and the cashbook is specifically for cash transactions.

Mookie

A cashbook only shows money that you actually have. The journal is where you record every transaction, like sales, purchases, or payments, no matter if it's cash or credit. The cashbook is more about cash details, and the journal is about everything else too.