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Cash Management

Cash Management​

Slide 56

Objectives​

Objectives

At the end of this session, you will be able to:

  • Understand the modes of cash management operation (Closing Float, Empty, Leave)
  • Understand and execute the various cash management functions
  • Execute cash management functions at the POS or Back Office
  • Configure cashup and closing float settings
  • Configure safe cashup and banking
  • Understand cash management reporting

Practical Exercises

  • Exercise 37 - POS Terminal Template
  • Exercise 38 - Location Template
  • Exercise 38b - Tender

Cash Management Operations and Configuration Topics​

Cash Management Modes

  • Closing Float - cash is counted and a closing float remains in the till
  • Empty - the till is fully emptied at cashup
  • Leave - cash is left in the till without counting

Cash Management Operations

  • Terminal Cash Management - float, pickup, expense, spot check, and cashup at the terminal
  • Safe Cash Management - safe-level cash management and banking
  • POS and Back Office Operation - operations available from both POS and Estate Manager

Configuration Topics

  • Location Configuration - cash management settings at location level
  • POS Terminal Configuration - terminal-level cash management settings
  • Tender Configuration - cash management settings on the tender record
  • Menu Configuration - cash management menu items

Exercise 37 - POS Terminal Template​

This will be a group exercise

  1. Open POS Terminal Templates; Filter: Template ID starts with REACT_RETAIL_MOBILE_POS; Apply Filters
  2. Edit the POS Terminal Template
  3. Day End Tab: Force Cash Declaration - Cashup (Closing Float)
  4. Save

Exercise 38 - Location Template​

This will be a group exercise

  1. Open Location Templates; Filter: Template ID starts with STORE_TEMPLATE_UK; Apply Filters
  2. Edit the Location Template
  3. Cash Management Tab: Cash Management Method - Manage by Cashier; Require Terminal Sessions to be Finalised on Safe Cashup - tick
  4. Save

Exercise 38b - Tender​

  1. Open Tenders; Filter: Tender ID starts with TRAINx; Apply Filters
  2. Edit the Tender
  3. Cash Management Tab: Safe Discrepancy Threshold - 1.00; Terminal Discrepancy Threshold - 1.00
  4. Save

Further Reading​

For additional information and further reading on Cash Management, please see the following guides:

DocumentDescription
How to: Configure Terminal Cashup and Closing FloatConfiguring terminal cashup and closing float settings
How to: Configure Terminal Cashup and EmptyConfiguring terminal cashup and empty mode settings
How to: Configure Tender BagsConfiguring tender bags for cash management
How to: POS Terminal Cash ManagementUsing terminal cash management functions at the POS
How to: POS Safe Cash Management - Cashup and Closing FloatConfiguring terminal cashup and closing float procedures
How to: POS Safe Cash Management - Cashup and EmptyConfiguring terminal cashup and empty mode settings
How to: Configure Cash Management Income and ExpensesConfiguring cash management income and expense types
How to: POS Cash Management ReportsEstate Manager cash management operational reports