Balancing By Tender Type
It should be noted that when it's time to balance a tender control, the cashier must enter the amount of each tender type that is in the drawer in order to balance it. For example, assume the following takes place:
- A drawer is opened with a starting balance of $150.50 (tender type is Cash).
- During the day, the cashier receives $5,000 in Cash, and $1,000 in Checks.
- During the day, the cashier turns in $750 or the Checks and $4,000 of Cash.
At the end of the day, the following operator would have to enter the balances shown in the Ending Balance column.
|
Tender Type |
Starting Balance |
Tenders Received |
Turn Ins |
Ending Balance |
|
Cash |
$150.50 |
$5,000 |
$4,000 |
$1150.50 |
|
Check |
- |
$1,000 |
$750 |
$250 |
Time saver. The system assists in the balancing effort by amalgamating the amount of tenders by tender type when the tender control's status is changed from Open to Balancing In Progress. The cashier just needs to enter the Ending Balance. The system can then compare the cashier's Ending Balance against the Expected Ending Balance. When these values are equal for all tender types, the tender control's status can become Balanced.