faq:cash_clearing_overview
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faq:cash_clearing_overview [2008/07/22 17:27 (16 years ago)] – cliff | faq:cash_clearing_overview [2021/06/24 14:04 (3 years ago)] (current) – [Purpose of Cash Clearing Reconciliation] agera | ||
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===== Purpose of Cash Clearing Reconciliation ===== | ===== Purpose of Cash Clearing Reconciliation ===== | ||
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The purpose of reconciling your cash clearing is to verify that you have correctly recorded and deposited your daily point of sale activity. The idea is that during a day you perform sales and bring in monies. The computer records the monies that you take in, and provides a summary report for the days monetary transactions. At the end of the day you physically count the money from the day that is now ready to be deposited. Normally 100% of the monies collected will be deposited. The summary report at the end of the day when compared with the physical count is the first thing we can do to check the accuracy of what is entered into System Five. This first check allows us to reconcile the count of monies we physically have at the end of the day against the computer totals of those same monies. If there is a difference we attempt to ascertain and rectify the difference. | The purpose of reconciling your cash clearing is to verify that you have correctly recorded and deposited your daily point of sale activity. The idea is that during a day you perform sales and bring in monies. The computer records the monies that you take in, and provides a summary report for the days monetary transactions. At the end of the day you physically count the money from the day that is now ready to be deposited. Normally 100% of the monies collected will be deposited. The summary report at the end of the day when compared with the physical count is the first thing we can do to check the accuracy of what is entered into System Five. This first check allows us to reconcile the count of monies we physically have at the end of the day against the computer totals of those same monies. If there is a difference we attempt to ascertain and rectify the difference. | ||
faq/cash_clearing_overview.1216772821.txt.gz · Last modified: 2008/07/22 17:27 (16 years ago) by cliff