Overview of Cash Register Reporting in Denmark

Cash report – step by step

1. To start a cash report, collect all the receipts related to cash payments from customers or cash payments to suppliers made throughout the day.
2. Choose a cash report template and fill in the starting amount of cash in the morning.
3. Calculate the total revenue of the day, including credit card and cash sales, and add it to the revenue column in the cash report. Highlight credit card sales.
4. Write down all cash expenditures made throughout the day and add them to the outgoing column in the cash report.
5. Count the cash at the end of the day and record the total on a piece of paper or spreadsheet, noting the number of bills and coins of each denomination.
6. In case of a cash difference, write "cash difference from yesterday" on the first line of the next day's cash report and note the negative difference in the outgoing box. Add or subtract the cash difference to/from the cash register, and record it in the "incoming" column.
7. The cash balance in the morning of the next day will be the starting amount from the previous day plus the cash difference, if any.

The law in Denmark requires entrepreneurs to prepare cash reports, which are typically done on a daily basis, but the period may vary depending on the legal form of the business.