Day End Procedures

This help topic is applicable to the following TireMaster applications:

TireMaster Point of Sale

TireMaster Plus

TireMaster Corporate

When you close a day, you have an opportunity to review the day’s receipts and determine if your till is over or short. You can then correct any overages or shortages before finishing the day end closing process.

Typically, you close a day before making a deposit into your bank account. Depending on how much business you have in an average day, you might not want to actually perform a day end closing each business day.

Example: If you make bank deposits every other day, you close the day every other day.
Note: Before closing a day, you need to close all of the shifts for that day.

To close a day

1. Count the total cash, checks, and payment card receipts for all shifts.
2. From the Closing menu, select Day-End. The Day End Close screen opens.
3. If any cash, check, or payment card amounts are incorrect, type the correct amounts in the Cash Count, Check Count, and Card Count fields for the applicable shifts. The totals for all shifts recalculate automatically.
Note: When you close the day, the amount in the Deposit field is the amount that posts to the day end deposit and day end cash accounts defined in System Controls. In TireMaster Plus and TireMaster Corporate, this amount also appears on the Check Reconciliation screen as your daily deposit.
4. If you want to view the day end reports before closing the day, click Report.
5. When you are ready to close the day, click OK. The day end reports print and a confirmation message appears.
6. Click Yes. Another confirmation message appears.
7. Click OK.
Tip: You can generate day end closing information at any time by printing the Day End Daily Sales Report, Day End Daily Till Detail Report, and Day End Transaction Report. In TireMaster Plus and TireMaster Corporate, you can also print the Daily Transaction Report . These reports are on the Report List on the Close tab.

The way in which overages and shortages are handled depends on your TireMaster application:

For TireMaster Point of Sale, Closedclick here.Overages and shortages for credit and debit cards do not post to the general ledger. If you have overages or shortages for credit or debit cards, you need to research and correct the discrepancies before closing the day so that the amounts you’ve entered match the card receipts.

For TireMaster Plus, Closedclick here.If there is a difference between the cash or check count that you’ve entered and the actual amount calculated by TireMaster, the amount over or short posts to an account designated for overages and shortages. For more information, see Default Account - Cash Over/Short

For TireMaster Corporate, Closedclick here.If there is a difference between the cash or check count that you’ve entered and the actual amount calculated by TireMaster, the amount over or short posts to an account designated for overages and shortages. For more information, see Default Account - Cash Over/Short