End of Day and Closing Store

A store should end a day's business by reconciling the monies collected from customers, recording sales tax due to local government, creating bank deposits and organizing the day's activities for ongoing reference and to meet any governmental requirements.

The system provides several tools to accomplish these activities.

First, a copy of all customer receipts where any transactions were created or edited should be printed. Oftentimes customers may sign the receipt for terms & approvals, so the hard copy printout of the signed copy should be the one kept within the store.

Procedure should include the printing of the Daily Report (DR) for the day's business, a electronic payment settlement report (acquired through your processor's portal), Payment by Tender and the creation of a bank deposit.

The DR may be created for a range of days, say a month, which all figures are totalled for the period which includes Sales Tax. There is a detailed tax section, reporting sales tax by rate for the period. Also available is the Taxes Report which totals only Sales Tax for the period and does not including any other confidential information. Usually this report would be printed when it is time to make the store's sales tax payment.

Optionally, the Register Journal may be printed to help with the reconciliation. It lists all transactions for the period requested.

Once all is completed the Daily Report, Receipts, copy of Bank Deposit) should be attached then filed (or digitized by scanning) by day, by week, by month and then by year.

When questions arise concerning a transaction, the customer receipt stored in Everywehere Bridal contains the original transaction date. Knowing the transaction date makes it simple to pull that day's DR & Journal reports to investigate.