Instead of itemized recording, the daily revenue (Daily Takings) is determined summarily based on secure point-of-sale (POS) systems or cash register totals. This daily summarized figure must be rigorously documented to satisfy the regulatory requirements of bodies such as the IRS (US), HMRC (UK), and CRA (Canada)

All business transactions must be recorded in a timely and organized manner in the primary books of entry (Journals/Daybooks).