Opening float
In Arabic الرصيد الافتتاحي للصندوق
An opening float is the cash, in notes and coins, placed in a till at the start of a shift so the cashier can give change from the first sale.
In Arabic الرصيد الافتتاحي للصندوق
An opening float is the cash, in notes and coins, placed in a till at the start of a shift so the cashier can give change from the first sale.
A till cannot start the day empty: the first customer pays with a large note and needs change. The float is that starting cash. Because it belongs to the business, not to the day’s takings, it has to be counted in and kept apart from sales when the drawer is counted at the close.
The float is usually a fixed amount, set by store, in the mix of coins and small notes the till needs. At the close it either goes back to the main safe or stays in the drawer for the next shift. Either way it is counted, so the next cashier starts from a known figure.
The common mistake is not counting the float when it is handed over. A shortage from the last shift then looks like the new cashier’s, and nobody can say who was short. Count it in at every opening, and compare it with what was left.
In Axon Suite
In Axon Suite a cashier opens each shift with a counted float. Your POS settings decide whether the float goes back to the main drawer at each close or stays in the register, and a kept float is checked against the next opening count.
A cashier opens the register with a counted float and closes it by counting the drawer. Axon Suite works out what should be there, fixes the difference, and waits for a manager before the cash moves in the books.
Open: Cashier shifts with counted cash