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Overview of Cash Register Reporting Requirements in Denmark

A cash report is necessary to record the money that has been received and paid out through a cash register during the day. It is a legal requirement in Denmark for traders to prepare this report when receiving cash payments from customers. It is important to note that a cash report is different from a printed cash register report, and while accounting can be done without them, failing to complete daily cash register reports can have severe legal consequences in case of an audit by the tax authority.

Cash report – step by step

  1. Start by collecting all receipts related to cash payments from customers or cash payments to suppliers for the day.
  2. Choose a cash report template that will help you determine the amount of money at the beginning and end of the day.
  3. Record the sum from the beginning of the day in the "cash at the beginning of the day" item.
  4. At the end of the day, calculate cash sales from the whole day and enter the value in the "revenue" column, including credit card sales along with cash sales.
  5. Highlight sales of credit card and adjust the balance of cash in the next line by specifying the amount from card sales transferred to the bank.
  6. Write out all cash expenditures during the day, including purchases paid in cash, in the "outgoing" column.
  7. Calculate the total amount at the end of the day by counting the money in the cash register and noting the number of bills and coins of each denomination.
  8. If there is a cash difference, record it in the first line of tomorrow's cash report and adjust the cash register accordingly.
  9. The next day, the cash balance in the morning will be the amount in the cash register plus any adjustments from the previous day.

In compliance with Danish law, entrepreneurs are required to prepare cash reports. While most entrepreneurs prepare them daily, the frequency may vary depending on the legal structure of the business.

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