The Float Amount
Each register must begin each business day (or shift) with a certain amount of cash which is referred to as the float amount. The float amount is specified by the prevailing Register Policy. At the start of each day, or shift, you are required to confirm the correct float amount is actually in the register by counting the cash and then entering the amount into the system via a float transaction. The system will not let you perform any other POS Front Office transactions without first performing a float.
Note
If you enter the wrong float amount, you can correct the mistake with a Float Correction transaction.
Reconciling
At the end of a business day (or shift, or as needed) the Reconcile transaction lets you compare actual tender amounts in the register with expected amounts as entered through register transactions. This requires you to count the actual amounts for each tender type and enter those amounts in the Reconcile wizard. The wizard compares the counted amounts with the expected amounts, taking into account the starting (float) amount, and all sales, return, add, and skim transactions. The wizard presents you with a summary of actual (counted) and expected totals for each tender type as well as a grand total.
Note
You can hide expected amounts to prevent store associates from adjusting actual amounts to match expected amounts. If you choose this option (in the Register Policy) overages and shortages are indicated with text: Exact, Within Variance, or Outside Variance rather than as actual amounts (+/-).
You can also use the Register Policy to specify:
whether to require exact amounts or allow reconciliation to be completed when overages or shortages are within the specified variance.
the allowed variance for overage and shortage if variance is allowed.
You can configure the system to force daily reconcile transactions. Whether you enable or disable daily reconciliations, you can always perform a manual reconciliation as needed. In either case, a float transaction is required following any reconcile transaction. If a daily reconcile is required, you will not be permitted to perform the float transaction until the reconcile has been completed.