Purpose:
Cash float is the amount of cash placed in store registers at the beginning of a shift or day and allows cashiers to make change for customers that prefer to pay in cash. Businesses may determine how much float and which denominations of bills and coins they need to keep in each register through each day based on history of cash sales, product prices and common sales receipt totals. Some may also consider petty cash in their float to pay for minor services and purchases.
In Cegid Y2, stores can also determine whether their float may vary from one day/shift to another or a fixed (constant) amount of cash needs to be kept in the registers everyday. When cash float is fixed, any extra cash received in one day has to be taken out of the register at the end of the shift or day and sent to the bank or safe. This is configured at the register level and may be done either from Front Office or Back Office.
Procedure
Important: Ensure the register is closed before applying any changes to cash float management.
1. Access Front Office > Registers;
2. Search and open the register you wish to update;
3. On the Register settings screen, select the tab Cash float and tick Constant cash float if cash float must be a fixed amount or Modification at closing if cash float may vary. When ticking one of these options, the other will automatically be unticked (see screenshot below).
If cash float is set to be constant, its amount cannot be changed when closing the register at end of day. The remaining cash has to be transferred to bank/safe.
If cash float is set to be variable (Modification at closing selected), any changes can be made at register closing.
