Step 1 :

POS Setup, 

Step 2 :

Once POS setup is done, you are ready to generate your first POS Invoice
A POS Invoice is raised at the retail front. Stocks will be deducted in the inventory system. 
Sales will be credited. Accounts Receivable - POS receipt module will be debited.

Step 3 :

 End day process to do POS settlement 

End of the day, cashier will do a day end close to account for all the cash and payments collected 
(VISA, NETS, VOUCHERS etc). 
Upon approval by a senior retail staff, system will  post individual payment         mode to the accounts receivables, 
(Trade Debtors control - Retail account in the General ledger as a current asset in the balance sheet, the amount collected but not bank in yet) 

Step 4 :

Record into the Realtimme cloud accounting system at POS receipt

Accounts department at the backend will, at a next day or later date, Debit the bank for all cash equivalents payment mode (e.g. cash, visa, nets, mall vouchers, etc) and credit the
Trade Debtors - Retail, upon banking in or cleared by the merchant bank (VISA, NETS).

All non-cash payment modes (e.g. vouchers) will be debited as voucher expenses (marketing) and credit the Trade Debtors - Retail.

CURRENT ASSETS:

   Bank – OCBC (SGD)

1200.00

   Bank -  OCBC (USD)

17,300.00

   Deposit Rental

10,000.00

   Petty Cash

200.00

   Trade Debtors Control

77,885.05

   Trade Debtors – Retail                    

8,456.46

Related Topics

Receipt - Collections bank in

POS Setup

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