Cash Drawer Reconciliation

Saving the Cash Drawer Reconciliation report

What is new? After using the Cash Drawer Reconciliation to balance the cash drawer you can save the report with the exact cash counts that the salesperson entered. This allows you to view any Cash Drawer Reconciliation that took place for any period of time.

• The process of counting the money, reconciling the receipts and balancing the cash drawer creates an accountability of the day's transactions.

• You will reduce errors and theft by employees by creating a procedure to account for the store's cash. These controls are necessary to prevent mishandling of money and to safeguard assets against loss. Not only do strong internal controls promote operational efficiency, they also ensure reliable accounting records.

• Any overages and or shortages should be investigated. Human error should be taken into account for small discrepancies. However, frequent discrepancies could be sign of employee theft or may indicate further training is required for a particular cashier.

1. Enter the beginning register total.

1. This is the amount of money you leave in the cash drawer every night to use for customer change and petty cash the next business day. Even if the cash drawer is reconciled multiple times during the day, the beginning total for that day should remain the same.

2. Enter the counts in each field. Coins, Bills and Credit amounts.

3. Click the View Report Icon. TeleTracker Online compares the amount counted with every transaction that was recorded in TeleTracker. The report will show all discrepancies between the counts and transactions.

4. Click on the Submit button.

Viewing a saved Cash Drawer Reconciliation report

1. Select the Cash Drawer Activity report.

2. Change the begin and end dates to the period of time you want to view.

3. Click on View Report.

View The Video

To view a quick video showing you how submit / save a completed cash drawer reconciliation click the go button: