Tender types

Point-Of-Sale Software - - MS Point Of Sale software discussed here 

Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date Tender types ozzie 12-06-2005  Re: Tender types Glenn Adams [MVP - Retail... 12-07-2005  Re: Tender types ozzie 12-07-2005  Re: Tender types Glenn Adams [MVP - Retail... 12-08-2005  Re: Tender types nates@sunri 01-29-2008
Posted by ozzie on December 6, 2005, 7:10 pm Please log in for more thread options We use a scheme at a store where customers get a discount by presenting a loyalty card type of thing. It was originally set up as a "Cash" type, but this was putting the tills out at end of day, as the till was reporting a higher amount than there was in the till (roughly equal to the discounted amounts). The way it has been explained to me, the store has a "bank" which "pays" the amount of the discount, so what happens is that the total sale isn't discounted, rather it goes through at full value but the customer only pays $X and the "bank" pays the balance. Not really sure why it is done this way, and it seems convoluted to me, but there you go, I have to deal with it :) I have set the tender type for this discount as "Other" for now, but I am wondering what the consequences of this are, and how will it be reported? Posted by Glenn Adams [MVP - Retail Mgmt on December 7, 2005, 12:14 pm Please log in for more thread options Your drawer is still going to be out of balance in the same way. You need to have some sort of "IOU" to put in the drawer to represent the tender - or just run an X report to see how much was tendered to the Loyalty tender and enter it as a closing amount for that tender type. -- -- Glenn Adams Tiber Creek Consulting http://www.tibercreek.com glenn@tibercreek.com ---------------------------------------------- Please DO NOT respond to me directly but post all responses here in the newsgroup so that all can share the information > We use a scheme at a store where customers get a discount by presenting a > loyalty card type of thing. It was originally set up as a "Cash" type, > but > this was putting the tills out at end of day, as the till was reporting a > higher amount than there was in the till (roughly equal to the discounted > amounts). > > The way it has been explained to me, the store has a "bank" which "pays" > the > amount of the discount, so what happens is that the total sale isn't > discounted, rather it goes through at full value but the customer only > pays > $X and the "bank" pays the balance. Not really sure why it is done this > way, > and it seems convoluted to me, but there you go, I have to deal with it :) > > I have set the tender type for this discount as "Other" for now, but I am > wondering what the consequences of this are, and how will it be reported? > > Posted by ozzie on December 7, 2005, 10:27 pm Please log in for more thread options Can we track the amount of "other" tender type we took during the day so we can total that or report on it? "Glenn Adams [MVP - Retail Mgmt]" wrote: > Your drawer is still going to be out of balance in the same way. You need > to have some sort of "IOU" to put in the drawer to represent the tender - or > just run an X report to see how much was tendered to the Loyalty tender and > enter it as a closing amount for that tender type. > > -- > -- > Glenn Adams > Tiber Creek Consulting > http://www.tibercreek.com > glenn@tibercreek.com > ---------------------------------------------- > Please DO NOT respond to me directly but post all responses here in the > newsgroup so that all can share the information > > > We use a scheme at a store where customers get a discount by presenting a > > loyalty card type of thing. It was originally set up as a "Cash" type, > > but > > this was putting the tills out at end of day, as the till was reporting a > > higher amount than there was in the till (roughly equal to the discounted > > amounts). > > > > The way it has been explained to me, the store has a "bank" which "pays" > > the > > amount of the discount, so what happens is that the total sale isn't > > discounted, rather it goes through at full value but the customer only > > pays > > $X and the "bank" pays the balance. Not really sure why it is done this > > way, > > and it seems convoluted to me, but there you go, I have to deal with it :) > > > > I have set the tender type for this discount as "Other" for now, but I am > > wondering what the consequences of this are, and how will it be reported? > > > > > > > Posted by Glenn Adams [MVP - Retail Mgmt on December 8, 2005, 10:58 am Please log in for more thread options That will show on the X-Report as the Shift amount for the tender type, but you can also run the tender summary report... -- -- Glenn Adams Tiber Creek Consulting http://www.tibercreek.com glenn@tibercreek.com ---------------------------------------------- Please DO NOT respond to me directly but post all responses here in the newsgroup so that all can share the information > Can we track the amount of "other" tender type we took during the day so > we > can total that or report on it? > > "Glenn Adams [MVP - Retail Mgmt]" wrote: > >> Your drawer is still going to be out of balance in the same way. You >> need >> to have some sort of "IOU" to put in the drawer to represent the tender - >> or >> just run an X report to see how much was tendered to the Loyalty tender >> and >> enter it as a closing amount for that tender type. >> >> -- >> -- >> Glenn Adams >> Tiber Creek Consulting >> http://www.tibercreek.com >> glenn@tibercreek.com >> ---------------------------------------------- >> Please DO NOT respond to me directly but post all responses here in the >> newsgroup so that all can share the information >> >> > We use a scheme at a store where customers get a discount by presenting >> > a >> > loyalty card type of thing. It was originally set up as a "Cash" type, >> > but >> > this was putting the tills out at end of day, as the till was reporting >> > a >> > higher amount than there was in the till (roughly equal to the >> > discounted >> > amounts). >> > >> > The way it has been explained to me, the store has a "bank" which >> > "pays" >> > the >> > amount of the discount, so what happens is that the total sale isn't >> > discounted, rather it goes through at full value but the customer only >> > pays >> > $X and the "bank" pays the balance. Not really sure why it is done >> > this >> > way, >> > and it seems convoluted to me, but there you go, I have to deal with it >> > :) >> > >> > I have set the tender type for this discount as "Other" for now, but I >> > am >> > wondering what the consequences of this are, and how will it be >> > reported? >> > >> > >> >> >> Posted by nates@sunrisepo on January 29, 2008, 5:41 pm Please log in for more thread options Why don't you set up the loyalty cards as a coupon or set up a "loyalty customer" with the automatic discount? -- NateS "Glenn Adams [MVP - Retail Mgmt]" wrote: > That will show on the X-Report as the Shift amount for the tender type, but > you can also run the tender summary report... > > -- > -- > Glenn Adams > Tiber Creek Consulting > http://www.tibercreek.com > glenn@tibercreek.com > ---------------------------------------------- > Please DO NOT respond to me directly but post all responses here in the > newsgroup so that all can share the information > > > Can we track the amount of "other" tender type we took during the day so > > we > > can total that or report on it? > > > > "Glenn Adams [MVP - Retail Mgmt]" wrote: > > > >> Your drawer is still going to be out of balance in the same way. You > >> need > >> to have some sort of "IOU" to put in the drawer to represent the tender - > >> or > >> just run an X report to see how much was tendered to the Loyalty tender > >> and > >> enter it as a closing amount for that tender type. > >> > >> -- > >> -- > >> Glenn Adams > >> Tiber Creek Consulting > >> http://www.tibercreek.com > >> glenn@tibercreek.com > >> ---------------------------------------------- > >> Please DO NOT respond to me directly but post all responses here in the > >> newsgroup so that all can share the information > >> > >> > We use a scheme at a store where customers get a discount by presenting > >> > a > >> > loyalty card type of thing. It was originally set up as a "Cash" type, > >> > but > >> > this was putting the tills out at end of day, as the till was reporting > >> > a > >> > higher amount than there was in the till (roughly equal to the > >> > discounted > >> > amounts). > >> > > >> > The way it has been explained to me, the store has a "bank" which > >> > "pays" > >> > the > >> > amount of the discount, so what happens is that the total sale isn't > >> > discounted, rather it goes through at full value but the customer only > >> > pays > >> > $X and the "bank" pays the balance. Not really sure why it is done > >> > this > >> > way, > >> > and it seems convoluted to me, but there you go, I have to deal with it > >> > :) > >> > > >> > I have set the tender type for this discount as "Other" for now, but I > >> > am > >> > wondering what the consequences of this are, and how will it be > >> > reported? > >> > > >> > > >> > >> > >> > > > Similar Threads Posted Tender Summary report combining all registers and tender types May 7, 2008, 7:08 pm no tender types available June 11, 2005, 9:20 pm Tender Types? July 28, 2005, 9:31 pm Tender Types October 7, 2005, 4:04 am no tender types in POS November 28, 2007, 2:26 am Overtendering on any tender types June 14, 2005, 9:23 am "No Tender Types Defined..." June 30, 2005, 3:38 pm Blank Tender Types February 28, 2006, 10:23 am no tender types are defined ? December 12, 2006, 10:04 pm Tender Types vanished!! July 17, 2007, 5:35 am