Bank Management

Open Bank & Close Bank

Users can now configure Open Bank and Close Bank procedures on the console according to their preferences. Options include simple, system-generated configurations, and detailed setups where users manually input details, with the system calculating the balance.

Users can configure Open Bank and Close Bank settings for each store independently.

When users choose a venue and store, and if there is an existing open/close bank configuration set up, the system automatically populates the value, allowing users to make edits.

Navigate to Setting → Payment Setting → Bank management

Opening Bank

The Simple Option would be to enter the amount of the opening bank, there would be no verification. If bank is opened multiple times in a day, without closing the bank, the open amount is overridden with the latest opening amount.

The Detailed Option would be where the employee would enter the quantity at the coin or currency level, and the POS would total the bank, prompt to verify and then process the bank. The denominations would be for a consolidated prompt for coin, with a popup that could show the detail (.01, .05, .10, .25. .50, 1.00, 2.00) and for currency $1, $5, $10, $20, $50, $100.

Additional Opening Bank Details:

• Maximum Bank Opening Amount is not relevant at this time.
• If user chooses “Detailed Option” the new opening balance must equal the old closing balance.
• If the new opening balance does not match with the last day’s close bank balance, an Email alert is generated if enabled in the settings.

Closing Bank

The Simple Option would be an automatic close of the bank at 4:00 am

The Detailed Option would require the user to enter the quantity of each denomination, a subtotal would be displayed at the bottom, which would be tested against the not to exceed total. The user could modify the denomination counts so that they could get to the not to exceed total.

Additional closing bank Details

Users may not close a bank for above the Maximum Bank Closing Account regardless of the mode selected. If the deposit amount is greater than the maximum bank closing account specified, a popup box will be displayed and the user will have the ability to modify the closing amount. If the closing bank amount is less than the bank amount from the cash balance report, a deposit box will be displayed for the user to enter the deposit amount.

Once the user had completed the close function, the total cash (closing+deposit) would be tested against the cash balance total. If there was a match the POS prints two closing receipt both showing the closing bank and deposit (including currency detail). If the totals do not match, the screen goes back to the deposit screen and the user is advised to recheck the totals and can repeat the process. If it fails a second time, it will prompt for a supervisor override and an alert is sent to the VGM if it was enabled on the alert management screen.

Articles in this section

• Item Import Field Descriptions
• Overview
• Merchant Onboarding
• Navigation Bar
• Reports
• Items
• Settings
• Dashboard Overview
• Company
• Register

See more