Cash Register

This Current Assets code records cash register. As an asset account, it normally carries a debit balance: debit entries increase the balance and credit entries decrease it.

Real-world examples

Retail

A shop's till cash is counted and reconciled daily against the till system's Z-report, with the day's takings banked and any discrepancy — an over or a shortage — investigated and recorded. VAT on the sales themselves was already accounted for through the sales and VAT codes at the point of sale, so this code purely tracks physical cash movement, not the VAT position.

Hospitality

A restaurant or pub's till mixes cash and card at speed across a service, and small discrepancies between what the till system expects and what's physically counted are a routine part of daily reconciliation — usually written off as a minor over or short rather than investigated individually unless a pattern emerges.

E-commerce and office-based B2B

A business with no physical premises or till — an online retailer, an office-based service provider — has no use for this code at all; every sale is processed electronically and lands through 1200 or a card processor's clearing account rather than a cash register.

Commonly confused with

Because code 1230 (Petty Cash) sits right next to this one in Current Assets, it's a common mis-posting target. Code 1235 is specifically for cash register, while 1230 covers petty cash — similar in nature, but keeping them separate is what makes the current assets section of your management accounts meaningful rather than a single lumped total.

What a mis-posting here costs you

Because Cash Register sits within Current Assets, an error here overstates or understates working capital on the balance sheet rather than affecting reported profit — it won't move the bottom line, but it can make the business look more, or less, liquid than it actually is.

Other codes in Current Assets