The problem
Sales totals are not necessarily cash on hand: invoices may be unpaid, settled by card, or offset by cash expenses.
How it used to be
Select the branch, date range and payment method, and make sure returns and expenses use the correct dates.
The right way
End-of-day review
- Review invoices, discounts and returns.
- Separate cash, card and transfer collections.
- Check unpaid invoices and partial payments.
- Match expenses to supporting records.
- Investigate cash count differences before recording adjustments.