--------------------------------------------------------------------------------------------------------------------------Disclaimer: This article is only for the latest version of Zenoti Reports.
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Let’s consider a scenario that your business does register closure on a daily basis and you are comparing the collections for the same day.

Step 1: Reconcile collections with register closure.

Verify that Expected Amounts in the register (the Close Payment screen) matches with Center Collections in the Accounting Summary report.

Note: You can see the payments made by card and check in the register closure on the same day, however, the amount will reflect in your bank account depending on the third-party pay-outs.

However, if your business maintains multiple registers, verify that the sum in Expected Amounts of all registers (the Close Payment screen) matches with Center Collections in the Accounting Summary report.

Example

Let’s say that your business maintains two registers, Register1 and Register2 for the LA center location, where

Register1 - Expected Amounts (cash collected) = $534

Register2 - Expected Amounts (cash collected) = $621

Sum of Expected Amounts (cash collected) = $534 + $621 = $1155, which you can see in the Accounting Summary report > Center Collections section > Cash.

Important: If the business also collects payments for the sales made in other centers, Sum of Expected Amount = Center Collections + Collections for other centers

Step 2: Identify the cash expenses made by the business in register closure.

If your business uses cash for Employee Payouts or for Petty Cash, you can see these expenses under Cash paid out and To petty cash respectively.

However, if your business maintains multiple registers, identify the sum in Expenses(Cash paid out + To petty cash) from all registers.

Step 3: Reconcile Expected Amounts with Actual Amount in the register.

  • Expected Amounts - Cash Total
    The net amount calculated by deducting the expenses from the cash collected.      Cash Total = Cash collected - Expenses(Cash paid out + To petty cash)
  • Actual Amount - Cash
    The net amount that is physically present in the register.
    Cash = Opening Balance +  Cash collected for the day

Generally, Expected Amounts matches with Cash collected for the day. If there’s any missing cash from the register, that amount is shown in Adjustments.

Note: You can see the payments made by card and check in the register closure on the same day, however, the amount will reflect in your bank account depending on the third-party pay-outs.

However, if your business maintains multiple registers, verify that the sum in Expected Amounts of all registers (Close Payment screen) matches with the sum in Cash collected for the day for all registers.

Step 4: Verify the bank deposit in register closure with the bank statement for the day.

If your business decides some amount to be deposited in the bank from the register, you can see that amount in Cash Deposit (under Register Handover). This should match the cash amount in the bank statement for the day. The remaining amount will be carried forward as Closing Balance.

Closing Balance = Actual Amount - Cash Deposit

However, If your business maintains multiple registers, verify that the sum in Cash Deposit of all registers (the Close Payment screen) matches with the cash amount in the bank statement.

See Also

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