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At the end of the day, you can perform a cash up to reconcile what's been recorded in Timely, against what you've processed through your card reader or cash till; you can also report on your cash ups to keep a close eye on cash in and cash out - allowing you to track and investigate discrepancies. In this guide, you will learn how to report on cash ups.
Timely note: when cash management is enabled, a register will be created for each of your locations. You will be required to open the register at the beginning of the day and of your sales will then be processed through the register. This feature also allows you to record when you take cash out, or put cash back in the till for petty cash.
Introducing: Cash up reports
There are three different reports you can reference regarding your business cash ups. These are:
Cash up report
The cash up report shows all your daily cash ups performed for the reported time period. Each cash up will appear on a separate page, and breaks down the expected and actual amounts, as well as any differences. You'll also see how much cash was banked, and what was left in the till at the end of the day.
Cash up summary report (preview)
The cash up summary report is designed to give you a summary view of your cash up figures over the reported period. This helps you track any discrepancies, and get an overall view of your cash management.
Timely note: this report is currently in preview, so if you have feedback - feel free to connect with us via the help form in our help centre.
Cash up detail report
The cash up detail report shows all the payments and refund payments that have been included in a cash up, making it easy to get an overview of what payments counted towards your cash up.
What does each column show?
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Opening:
This column shows the opening cash amount for the beginning of the reported period.
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Sales:
This column shows the total payments received for that register during the reported period.
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Refunds:
This column shows the total of any refunds paid against that register during the reported period.
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Petty cash:
This column shows the total adjustments made for petty cash during the reported period.
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Banked:
This column shows the total amount of cash banked during the reported period.
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Difference from sales:
This column shows the total differences or discrepancies that have been recorded. A difference is recorded when the expected amount does not match the actual amount recorded when cashing up.
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Closing:
This column shows what the closing amount was for each payment type.
How to print or email a cash up report
Once the report has been created, you will have a few options:
- Click the print button to save a copy of the report to your computer
- Click the email button to send a copy of the cash-up report to someone
- Click edit to go back and make changes to the cash up