Till Adjustment
Only a till that is currently ‘closed’ may be adjusted.
This is used to adjust the amount in the till after reconciliation and to adjust the various tender types that make up the Till’s balance to reflect the new total.
The adjustment is posted to the General Ledger Account defined on the Till.
Till adjustments can only be made to a closed till. The basic assumption is that the till is being reconciled so you would not want it open and having new transactions being recorded against the till. This is why you need two tills on the system for every physical till unless you can fully reconcile a till at the end of your day before opening it and processing again.
Example
During the reconciliation of the cash balance you discover the balance showing on the Till Deposit Details report does not agree to the amount counted. You discover a transaction processed where cash was received was actually entered as EFTPOS. The Till Adjustment and Reconciliation process can change the tender amounts to reflect the correct Cash and EFTPOS amounts collected for the day.
Transaction Date
Enter the date of the deposit to be adjusted.
Details
Enter a descriptive reason (explanation) for the adjustment. This is mandatory.
Amount
Enter the amount of the deposit to be adjusted.
Tender
Choose the tender type that identifies how the payment was tendered. See Tender Types to change the available tender types here.
If a tender type of ‘cheque’ is selected, then you are required to enter the cheque details; drawer, bank, branch and cheque number.
Till Reconciled
This action records the completion of till reconciliation.
Till is Reconciled
Tick this checkbox to confirm till is reconciled.