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Quick Hits: Static vs. Dynamic Float

Nov 1, 2019 5:22:41 PM / by Caitlin Pellas

 

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Welcome to Quick Hits! We understand how much time it takes to run a successful, compliant cannabis operation, so we created downloadable quick-hit guides that will help get you up to speed on everything from Metrc to taxes to discounting.

At day’s end, there are a few activities an operator needs to complete in Treez to officially close out. These activities will eventually become second nature, but when just starting out on Treez, this Quick Hits guide acts as a helpful cheat sheet to determine the correct close out procedure based on the designated type of cash drawer float. In this Quick Hits guide, we discuss the two different types of cash drawer float–static and dynamic–and the different processes completed to close out depending on which type an operator chooses.

A cash drawer float is a preferred balance that an operator wishes to maintain in the cash drawer at all times. The “float” is the amount of money that starts in each cash drawer at the beginning of a shift. It’s used to break larger bills and provide change to customers throughout the day. In Treez, operators can configure the float to be “static” or “dynamic” based on internal preferences. Whichever option is enabled will determine what fields are displayed in the Close Shift window at the end of the day.

A static float is a float that remains consistent from shift to shift. This is the most common type of float. Alternatively, a dynamic float is subject to frequent changes, often occurring at the end of a shift in order to account for any smaller bills/coins the operator prefers to leave in the drawer. The process an operator uses to close out a shift will differ based on whether the float has been set to static or dynamic.

Regardless of the type of float an operator designates, performing a consistent close out procedure at the end of each operating day is key to maintaining a successful, compliant operation. If you have any questions about the Treez ecosystem, feel free to get in touch HERE or set up a demo HERE.

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Topics: POS software, Quick Hits

Caitlin Pellas

Written by Caitlin Pellas