Reconciliations Module

Overview of the Reconciliations Module #

• The Reconciliations Module allows you to balance the cash drawer with the actual cash taken in for the day.

Starting a New Reconciliation #

• Navigate to the Reconciliations Module.
• Click on Create New Reconciliation.
• Select the following details:
  • Date to reconcile.
  • Store location to reconcile for.
  • Reconciliation Method: Choose by Store, Counterperson, or Register (if multiple registers are in use).

Reviewing Recorded Amounts and Discrepancies #

• The Recorded Amount will display (e.g., $320.25).
• The Total Discrepancy will reflect any differences (e.g., $320.25 indicates extra cash in the drawer).

Counting and Recording Currency #

• Manually count the currency and enter the amounts:
  • Example: 3 x $100 bills, 21 x $1 bills, 25 pennies.
• Once all amounts are entered, the Total Discrepancy should balance to zero.

Finalizing the Reconciliation #

• Scroll down to:
  • Enter any notes for the reconciliation.
  • Review the Discrepancy Summary for:
    • Cash
    • Credit Card
    • Debit Card
    • Check
  • Review the Deposit Summary for each payment type.
  • See all Payments for Deposit calculated below.

Saving and Syncing the Reconciliation #

• Click Save to finalize the reconciliation.
• The completed reconciliation will populate at the top, ready to push to QuickBooks.

Conclusion #

• The Reconciliations Module ensures accurate daily cash balancing, providing detailed summaries and seamless integration with QuickBooks for streamlined financial management.