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What does each cash movement mean from the register closure report?

Question

What does each cash movement mean from the register closure report?

Setup

  • Retail POS on PC or Mac 

Answer

Opening Float

  • The amount entered when opening the register
  • This should be the amount of cash that you start the day with

Closing Float

  • The amount entered when closing the register
  • This should match the opening float

Cash In/Out

  • Refers to cash deposited/withdrawn from the cash drawer that goes directly to/from the bank

Petty Cash In/Out

  • Refers to cash deposited/withdrawn from the cash drawer that does not go directly to/from the bank

Float Adjustment

  • Refers to discrepancies between the opening and closing float

Additional Information

 

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