How would you account for the money that is short from the till when a daily reconciliation of cash per POS system vs actual cash counted shows a difference (ie. "shortbanked")
Would it be captured as sales (ie. VAT supply) and then when shortbanked reversed as sales (reverse VAT). Or would it be a seperate expense (eg. POS losses) and not merely reversed against sales? What would be best practice?
Thanks a lot.