Difference between revisions of "Financial Cluster:Register Report"

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The Bike Kitchen can be a chaotic place but, when dealing with money, it's important to keep things in order. This is critical for not only making smart decisions about how we spend our money but also so that we stay on the good side of the IRS. In order to help keep things in order, we track our daily income and expenses through the Register Report. The task of preparing the Register Report is as follows but, first, a few key terms.
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The Bike Kitchen can be a chaotic place but, when dealing with money, it's important to keep things in order. This is critical for not only making smart decisions about how we spend our money but also so that we stay on the good side of the IRS. In order to help keep things in order, we track our daily income and expenses through Square and the Register Report.  
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* Z-out - To 'Z-out' the register, turn the register key to the 'Z' position and hit 'Enter' on the keypad.
 
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* Feed - Hit the 'Feed' button on the register's keypad to feed more tape through. This is helpful to see the previous transaction, or make space on the tape to mark any corrections.
 
  
 
For Greeters and Cashiers:
 
For Greeters and Cashiers:
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# At the start of your shift, Z-out the register to see if any transactions were made since the last shift closed. Do not tear the tape!
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# Follow the instructions on the Register Report paper and include it in the deposit
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# During shift, if something is rung up incorrectly, don't panic! Feed the tape, circle the erroneous transaction with a ballpoint pen (not a marker!) and write a short note describing the issue ("was actually for used parts", "was refunded", etc).
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# All sales and refunds should be recorded in Square, including cash and check transactions.
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# At the end of your shift, Z-out the register, again. Feed the tape, tear it off and include the day's receipt with the deposit.
 
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For Financial Cluster members:
 
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* If a transaction was made in error, you will have to adjust the day's subtotals at the end of the tape. For example, if 'used' parts were rung up as 'new' parts, you would deduct the amount from the 'New' subtotal and add that same amount to the subtotal for 'Used' parts.
 

Latest revision as of 17:53, 4 January 2021

The Bike Kitchen can be a chaotic place but, when dealing with money, it's important to keep things in order. This is critical for not only making smart decisions about how we spend our money but also so that we stay on the good side of the IRS. In order to help keep things in order, we track our daily income and expenses through Square and the Register Report.

For Greeters and Cashiers:

  1. Follow the instructions on the Register Report paper and include it in the deposit
  2. All sales and refunds should be recorded in Square, including cash and check transactions.
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