Cash Balances Report

Overview

Navigate to Reports → Financial Reports → Cash Balances Report

The Cash Balance Report feature provides users with a comprehensive summary of cash activities within registers, encompassing opening balances, deposits, pickups, payouts, and closing balances. This facilitates efficient monitoring and analysis of cash movements across different stores and registers

Report Details

• Opening Balance: Represents the initial cash amount in the register at the start of the specified date. For example, if the opening balance is $500, this indicates that the register began the day with $500 in cash.
• Deposit Amount: Refers to any excess cash from closing amounts over the maximum bank limit set in Cashier Management Settings. For instance, if the closing amount exceeds the maximum bank limit by $200, then $200 will be considered as the deposit amount.
• Cash Pickup: Indicates variances between the last day's closing balance and the new opening balance, reflected as the cash pickup total. For example, if the opening balance is $1000 and there's a cash pickup of $100, this means that $100 was picked up due to variances in the closing balance.
• Cash Payout: Represents cash used for business payments or lotto payouts, deducted from cash balances. If, for instance, $50 is paid out for a lotto ticket, this amount will be deducted from the cash balances as a cash payout.
• Cash Receipt: Denotes cash received into the register. For instance, if $300 is received as payment from a customer, this amount will be recorded as a cash receipt in the register.
• Cash Disbursement: Refers to cash given from the register, recorded as petty cash transactions. For example, if $20 is given from the register for miscellaneous expenses, this amount will be recorded as a cash disbursement.
• Special Transaction: Represents the sum of cash pickup and cash payout, indicating register inflows and outflows. For example, if the cash pickup is $100 and the cash payout is $50, the special transaction total would be $150.
• Closing Balance: Represents the closing balance for the specific date and is calculated as Opening Balance + Cash Sale + Deposit Amount - Special Transaction. For instance, if the opening balance is $2000, with a cash sale of $1000, a deposit amount of $500, a cash pickup of $200, and a cash payout of $50, the closing balance would be $3650

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