M-PESA Records

How M-PESA to Bank transfers can confuse business records

Moving M-PESA money to Bank should be recorded as a transfer, not as a new sale.

When M-PESA collections are moved to the bank, the business has not made a new sale. The money has only moved from one account to another.

If the movement is recorded as a sale, income looks too high. If it is not recorded at all, M-PESA and Bank balances can both look wrong.

Bizwazi uses transfers to show money moving between Cash, M-PESA and Bank without treating it as new income or a new expense.

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