For cash control, an employees cash receipts should be balanced to their sales on a daily basis.
If credit card payments are deposited into separate bank accounts, they may require a separate deposit number. A single type of payment method is used to identify each sales. Theatre Manager can quickly remove a particular payment method from the daily deposit using the delete button. To do this, you:
Your accounting polices and practices will determine how to develop the deposit totals.
The payment selection criteria window opens.
Set the ending date to select all payments which have not been deposited. The current date is automatically displayed in the date filed on the message window.
When balancing is done for the day of the sales, the date used will be the current date. When balancing is done the day after the sales, the date used will be the previous days date. If correcting ticket orders caused new payments, then the date used will be the current date -- when this is performed, new payments that have been entered will be included in the payment selection and may have to be removed.
It is recommended that if the balancing is performed the day after the ticket sales. You do not enter new payments until the previous days payment receipts are balanced. This prevents mixing payments for two separate time periods in the same deposit. If new payments have been entered, the new payments should be identified and removed from the deposit before it is created.
The Deposit Window is now accessible.
For more information on the Deposit window, click here.
Before continuing with the deposit process, remember to balance the actual receipts to the daily receipts shown in the deposit window.
The second step of the Deposit window will open.