Glossary Term Explanation People and processes by which an organization records, Accounting system reports and analyses financial transactions and information Revenue Funds that the business earns An accumulation of documentation that tracks the Audit or paper trail movement of cash from the time the customer pays to the time cash is recorded as revenue by the accounting system. Financial sale transactions Monetary dealings between customers, guests or clients Refers to the system used to process financial sale of Sale system transactions Location where customers, guests or clients pay for the Point of Sale goods or services provided Form of payment a customer or guest uses such as notes and coins, bank cards, personal cheques and others. Cash Sometimes this definition is restricted to notes and coins only. Defined for this purpose as a transaction where payment Non cash received is not notes and coins That part of the point of sale terminal or register used to Cash drawer store all payments received. Supply of notes and coins held in the cash drawer to Float provide change Standard workplace document that lists each float balance Float Control Sheet and authorised persons that can collect and return that float. A standard workplace document used at the of sale Cash Summary Sheet area to record takings for the shift or trading day Acknowledgment in tangible form that confirms payment Receipts has been made.
Glossary Term Explanation Accounting system People and processes by which an organization records, reports and analyses financial transactions and information Revenue Funds that the business earns Audit or paper trail An accumulation of documentation that tracks the movement of cash from the time the customer pays to the time cash is recorded as revenue by the accounting system. Financial sale transactions Monetary dealings between customers, guests or clients of Sale system Refers to the system used to process financial sale transactions Point of Sale Location where customers, guests or clients pay for the goods or services provided Cash Form of payment a customer or guest uses such as notes and coins, bank cards, personal cheques and others. Sometimes this definition is restricted to notes and coins only. Non cash Defined for this purpose as a transaction where payment received is not notes and coins Cash drawer That part of the point of sale terminal or register used to store all payments received. Float Supply of notes and coins held in the cash drawer to provide change Float Control Sheet Standard workplace document that lists each float balance and authorised persons that can collect and return that float. Cash Summary Sheet A standard workplace document used at the of sale area to record takings for the shift or trading day Receipts Acknowledgment in tangible form that confirms payment has been made.
TM_Process_financial_sale_Transaction_refined.docx