In the retail space in South Africa, conducting regular money counts is crucial for maintaining financial accuracy and ensuring operational integrity. It helps identify discrepancies, prevent theft or fraud, and ensure that cash flow aligns with sales records. Accurate money counting also supports better financial planning, enhances accountability, and ensures compliance with tax regulations. For businesses, this practice promotes trust, reduces financial risks, and improves overall profitability.
In this article, we will cover the process within the Bizzfo software and how to effectively set up your money count options.
Locate your Money Count screen: #
When your team is ready to perform their daily Cash-up, they can head over to the Cash-up screen and select the Money Count option seen below.
Understand your Money Count Screen: #
On your Money Count screen, you will see all your Turnover details to recon.
First and foremost, you need to count the physical Cash and Card transactions in order to balance.
Secondly, you can manage your Float and Tip payout options as well.
Lastly, you can review discounts and payouts done during the shift as well as this will influence your Cash on hand.
Be sure to tell the system how it needs to handle the Tips and the Float in your recon.
At the bottom, you can also Preview the completed money count after entering your totals.
When selecting close shift, the system will commit the Money Count details to the Cash-up and give your print out.
You can also generate a count template for your staff by selecting the “Template” button.
The Tender Types will include all Tenders and Custom Tender types on the system.
Money Count Cash-up Prompts and Program Options: #
When considering using the Money Count option will depend on your Program Options and if you want to Print or Force a Money Count to be done daily.
To access these settings, go to program options and select Tab 3.3.
When considering your tender types and if you need to add custom Discounts and Tenders in the system, you will need to set these on Tab 8 – Tender Types: