Cash Management
Cash Management in Retail Store is used to track non-sale cash movements and reconcile cash handled at a register during a session. It plays a crucial role in identifying discrepancies and maintaining accurate cash records.
Cash Management works in conjunction with sessions to ensure that every cash movement is recorded, reviewed, and auditable.
What is Cash Management?
Cash Management allows you to record cash movements that are not directly related to sales, such as:
- Cash added to the register
- Cash withdrawn for expenses
- Cash adjustments during reconciliation
These transactions are included in the session’s cash flow summary and impact the total expected cash.
Why Cash Management Is Important
Cash Management helps businesses:
- Track non-sale cash movements accurately
- Prevent unrecorded cash handling
- Identify reasons for cash shortages or excess
- Maintain transparency during audits
- Enforce internal controls over cash usage
Insight: Cash discrepancies are easier to resolve when all cash movements are recorded as they occur.
How Cash Management Works with Sessions
Cash Management is always tied to an active session:
- Cash In and Cash Out transactions are recorded during a session
- These transactions affect the session’s expected cash
- Discrepancies are calculated when the session is closed
Note: Cash transactions cannot be recorded without an active session.