How to Record Armored Car Cash Pickups
Recording the service fees and the physical movement of cash from a dispensary vault to a secure banking facility.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Transit | Debit | 45,000.00 | - |
| Dispensary Vault Cash | Credit | - | 45,000.00 |
💡 Accountant's Note
Because many cannabis businesses rely on armored transport, this entry tracks cash that has left the physical premises but has not yet been credited to the bank account.
Practitioner & Systems Framework
💻 ERP Architecture
Use a clearing account to reconcile armored car manifests against bank deposit confirmations.
⚠️ Audit Flags
Long-standing balances in 'Cash in Transit' accounts that do not clear within 48-72 hours.
📄 Required Documentation
Signed armored car pickup receipts and bank deposit slips.
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Discussion & Community Questions
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