The ending balance, after closing your register, is calculated by adding up all the transactions that added money to your register during the day. That is, cash sales transactions, debt payments, cash supplies(money added), and the opening balance are added together to get the ending balance amount since all of these transactions put money in the register. In addition, all recorded payment methods are considered: cash, credit card, debit card, check, etc.
Transactions that did not add money to the register, such as sales on debt(non-paid), are not added to the ending balance when closing the register, as this amount will be received later in another open register.
Therefore, when closing the cash register, it is necessary to enter the FINAL BALANCE manually. This reported final balance must take into account all cash receipts. If all the transactions of the day have been correctly recorded in the NEX system, the final balance entered will be exactly the same as the system total. And, therefore, there will be no shortages.
Done! 👍 You have verified the closing register balance.
🌟 Tip: If necessary, contact our Technical Support team for us to analyze your register if you have any doubts.
If you prefer, click here to access the full tutorial on how to close the register.