Arranging Cash› Smaller Denominations Should Start On The Right And

Proceed Up Recording Sales

› Cash Registers And Point Of Sale (POS) Terminals Operating The Cash Register

› Enter Price Using Register Keys› Scan UPC (Universal Product Code)

Making Change› Announce Amount Of Sale› Take Money And Say How Much They Give You› Place Cash On Register Plate› Remove Change Form Drawers› Count Change Back To Customer

Personal Checks› Drawer-person Who Presents Check› Drawee- Bank That Pays The Money› Payee- Store That Receives Money

Money Order› Purchased From Bank Post Office, Or

Convenience Store

Traveler’s Checks› Treated Like Cash› Check For Photo ID And Signature

Credit Card› Swiped› Money Is Electronically Deposited

In To Store Bank Account

Debit Card› Swiped› PIN May Be Required › Money Is Electronically Deposited

In The Stores Bank Account From The Customers Checking Account

Opening Cash Fund› Small Amount Of Money To Make Change› “Start Up”

Opening Procedures › Count Coins In Cash Drawer› Record Totals› Place Currency In Drawer

Buying Change› Exchange Large Denominations For Smaller Ones› Maintain Exact Amounts

Closing Procedures› Add Cash In Drawer Plus Refunds› Total Sales Minus Opening Cash› Compare Cash In Drawer And Sales On Tape (Z or X

Report)› Record Amount And Minus (shortage) Or Plus (overage)

Lighting Isn’t Too Bright Or Too Dim

Aisle Are Free Of Hazards

Create Signs That Direct The Customer Where To Find Merchandise

Vacuum Or Sweep At End Of Day› More based on industry requirements/standards

Grocery stores General Goods

Dust Shelves Clean Mirrors And Displays

Mop Areas That Need It

Organize Stock Room, Inventory, Backstock

Straighten Merchandise

Policies› General Statement Of How Store Is Intended To Be Run

Procedures› Processes Or Steps To Carry Out Policies

Things To Be Included In Store Policies› Mission Statement› Hours Of Operation› Credit Policies› Return Policies› Customer Services› Loss Prevention› Safety Procedures› Job Titles And Responsibilities› Standards For Employees

Accounts Receivable› Money Owed To A Business By It’s Customers

Accounts Payable› Money Owed To A Vendor

Cash Receipts› Cash From Sales Or Payments

Cash Disbursements› Any Cash Paid Out By The Business

Income Statement› Summarizes Business’s Income And

Expenses During A Specific Period Of Time

Total Sales – Returns And Allowances = Net SalesNet Sales – Cost Of Goods Sold = Gross ProfitGross Profit – Operating Expenses = Net Income Before TaxesNet Income Before Taxes – Taxes = Net Income

Balance Sheet› Summary Of A Business’s Assets And Liabilities

› Asset Anything Of Value That The Business Owns

› Liability Amount Of Money The Business Owes

Sale Tally› Calculation Of Daily Sales

Electronic Or Manual “Z” And “X” Reports From Registers

Deposits

Use Of Sales Reports› Merchandising Decisions such as…› Pricing Decisions such as…› Purchasing Decisions such as…› Sales Quotas such as…› Scheduling such as…

POS Systems “Point Of Sale”› Track Inventory› Track Purchasing Patterns› Reordering Merchandise› Printing Financial Statements› Tracking Customers

Accurate Keep Up-to Date Information

› Inventory› Sales› Others