Drawer transactions / Daily expenses tracker
The "Drawer Transactions" feature in a Point of Sale (POS) system plays a crucial role in efficiently managing cash-related activities within a business. This feature is designed to streamline the process of recording various cash transactions, both inflows, and outflows, from the cash drawer or cash box. It provides a systematic and organized way to keep track of expenses, bill payments, and supplier payments, contributing to the overall financial management of the business.
Example
The user is required to make a $10 payment to the supplier for the new items they have brought. To fulfill this payment, the user needs to withdraw the amount from the cash drawer.
How it works
Users can create and define specific reasons for each transaction. Users can easily enter and record cash-related transactions into the POS system. This includes expenses incurred during the course of business operations, such as supplier payments.
Other common reasons may include staff wages, utility bills, donations, or any other relevant expense or income category. The "Drawer Transactions" feature supports both pay-in and pay-out transactions
At the end of a shift, users can perform a shift-end operation. This process involves checking and tallying the available cash balance in the cash drawer.
The POS system provides a summary of all the transactions that occurred during the shift, helping the user reconcile the cash drawer and identify any discrepancies.
How to activate and perform the drawer transactions
The "Drawer Transactions" feature enhances the cash management capabilities of a POS system, providing businesses with a reliable and efficient tool to monitor and control cash-related activities.
Within Backoffice
- Login to POS Back Office Webportal
- Select “Settings ” from main menu
- Go to the “Feature”
- Tick ON “Shift Management” button
- Click “Save”
(Once you ON “Shift Management”, a new option ‘Drawer reasons” will appear in the settings section)
- Select the “Drawer reasons “ section
- Click Add Drawer Reasons
- Enter the drawer reason name and click save
Within POS App
• POS App main menu • Select “ Manage Sale ” • Click “Cash Management” • Select Drawer Reasons • Enter the Cash-in or Cash-out amount • Select a reason from dropdown • Click Pay In or Pay Out and proceed
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