Till Function Details and NetSuite ERP Accounting Impacts

This topic provides details about the NSPOS functions and NetSuite ERP accounting impact of till tasks such as Start of Day, Drawer Drop, Drawer Loan, and so on.

The accounting impact references these custom records included in your NSPOS bundle.

• RA-Money Management Action

• RA-Payment Method Account Flow

• RA-Funds Rec/Disb Reason

See Tracking Till Money Movement through NetSuite ERP records.

Important:

Money management, account flow, and reason records must be in place to process the flow of funds into your bank or other accounts. The NSPOS bundle does not include default setups.

NetSuite Customer Support and Professional Services can assist you with the setup.

Till Function Menu

You can find most NSPOS till functions in by pressing Ctrl-F12 and searching on the word "till."

Count Till

Function: Count Till NSPOS Settings: Till Count: Open Drawer for Initial Count – Display an itemized cash count worksheet when receiving a Tender Loan. Till Count: Show Cash Denominations – Display a breakdown of cash denominations when counting a till. The final amount will be calculated. Till Count: Show Form for Initial Count – Display a breakdown of cash denominations when counting a till for the first time, as part of a tender loan. NetSuite ERP Configuration: None NetSuite ERP Accounting Impact: None. No records are created.

Count and Settle Till

Function: Count and Settle Till NSPOS Settings: Till Count: Open Drawer for Initial Count – Display an itemized cash count worksheet when receiving a Tender Loan. Till Count: Show Cash Denominations – Display a breakdown of cash denominations when counting a till. The final amount will be calculated. Till Count: Show Form for Initial Count – Display a breakdown of cash denominations when counting a till for the first time, as part of a tender loan. See Till, End of Day, and Other Settings. NetSuite ERP Configuration: RA-Payment Method Account Flow Un-Deposited Account Depository Account Over/Short Account NetSuite ERP Accounting Impact: Creates a journal entry with Action Type: Over Short. To view journal entries, go to Transactions > Financial > Make Journal Entries > List.

Disbursement

Function: Disbursement NSPOS Settings: Manager Required Amount – The maximum disbursement amount above which the disbursement must receive approval from a manager. Maximum Amount – Maximum amount authorized for any disbursement. DisbursementGetCustomer – Adds prompt for cashier to select customer receiving the disbursed funds. NetSuite ERP Configuration: RA-Money Management Action Reason – Must have Type: Disbursement Debit Account Credit Account NetSuite ERP Accounting Impact: Creates a journal entry with Action Type: Funds Disbursement To view journal entries, go to Transactions > Financial > Make Journal Entries > List.

Drawer Drop

Function: Drawer Drop NSPOS Settings: None NetSuite ERP Configuration: None NetSuite ERP Accounting Impact: None. No records are created.

Drawer Loan

Function: Drawer Loan NSPOS Settings: None NetSuite ERP Configuration: RA-Money Management Action Reason Debit Account Credit Account NetSuite ERP Accounting Impact: Creates a journal entry with Action Type: Drawer Loan To view journal entries, go to Transactions > Financial > Make Journal Entries > List.

End of Day

Function: End of Day NSPOS Settings: See Till, End of Day, and Other Settings NetSuite ERP Configuration: Payment Method Account Flow for Cash NetSuite ERP Accounting Impact: Creates a journal entry with Action Type: Over Short To view journal entries, go to Transactions > Financial > Make Journal Entries > List.

Remove Till Assignment

Function: Remove Till Assignment NSPOS Settings: None NetSuite ERP Configuration: None NetSuite ERP Accounting Impact: None. No records are created.

Start of Day

Function: Start of Day NSPOS Settings: None NetSuite ERP Accounting Impact: Count and Settle Till is included in Start of Day for tills received but not settled from the previous business day.

If you need more information for these functions, NetSuite Customer Support can provide assistance.

Related Topics

Cash Drawer Till Management

Till Management Concepts

Till Management Tasks

Till, End of Day, and Other Settings

Tracking Till Money Movement through NetSuite ERP records

General Notices