Banking Functions

Managing, auditing and reconciling cash and bank deposits are critical daily functions for all retailers.From Drawer Counts to Deposit Transactions and Bank Statement reconciliation, Merchant Plus! has you covered.

POS Register Functions

Enter Draw Counts at POS and/or back office
Option for Blind Counts
Tender Reports
Flash Sales Reports
- By Inventory or G/L Department
- By Class
- By Associate
- By Vendor

Deposit Entry

Integrated Bank Deposit Entry
Pull counts from registers or hand key
Daily Float if cash deposits aren’t made daily
Managed Cash in Drawer Adjustments
Optional Cash Reserve

Bank Reconciliation

Integrated with Bank Deposits
Integrated with Check Processing
EFT – Funds Transfers
Cash Account Management

Drawer Accountability: Secured Cashier accountability and drawer reports are coupled with an optional end of day counting function, with an option for blind counts. Daily reports provide for flash sales reporting by Inventory Department, General Ledger Department, Class, Associate and Vendor. Of course, detailed reports are available throughout the system.

Deposit Entry: Record deposits for Cash and Checks as well as bankcards. The system automatically manages float if deposits aren’t made daily for cash and checks. Additional functionality is provided to adjust for changes to the cash in each drawer as well as optional cash reserves.Bank Reconciliation: By easy reconciliation of bank statements the auditing loop on cash disbursements is closed with proper audit controls.

Banking Functions