Cash Drawer

Cash drawer feature allows for the tracking and management of cash handling procedures associated with cash drawers containing currency and checks. It can be used in conjunction with the branch option to associate drawers with branches.

Enabling Cash Drawer

To enable cash drawers, go to Setup > System > System Defaults and click on the current value field for Cash Drawer under the Branch section and select Enabled. Click OK to restart NLS. A new Cash Drawer Setup option will become available in Setup.

Setting Up Cash Drawers

To set up cash drawers, go to Setup > Cash Drawer Setup.

Add	Create a new cash drawer.
Delete	Delete the currently selected drawer.
Modify	Modify the drawer name and description.
Modification History	Displays a dialog listing the history of modifications made to the selected drawer. View Displays details of the selected row. Show Differences Displays a side-by-side comparison of the details of two selected rows with differences shown in bold red text. Tip Control-click to select multiple rows.

Click Add and enter a name and description for the cash drawer. Click OK.

Choose the options for the cash drawer and restart NLS to save the changes.

Cash Drawer Type	Individual This type of drawer must have a user assigned to it at all times and can only belong to a single user at any given time. Reserve Account This type of drawer can be used to fund other drawers. Cash and check transactions cannot be made directly to/from a reserve account.
Drawer Balance (Asset) GL Account	Choose a GL account for the drawer balance. CASH/BANK In accounting, a “cash” account (as defined in the cash placeholder in loan groups) can represent money that the organization has on deposit somewhere, or (in the case of a bank or other entity that keeps actual physical cash on hand) can represent actual physical funds in the form of bills and coins that exist on the premises in a cash drawer. With the addition of cash drawer functionality in the loan servicing system, it is now necessary to distinguish between those “cash” accounts that represent physical cash on hand, and those “cash” accounts that represent money on deposit at a bank or other institution, or “cash” clearing accounts.
Drawer Discrepancy (Income/Loss) GL Account	Choose a GL account for the drawer discrepancy. DISCREPANCY This is an income/expense account representing the unearned revenue that results from an overage in a cash drawer or the expense incurred when a drawer is short. Because the account will be credited with a positive amount if there is an overage in the drawer and a negative amount if the drawer is short, the account should be configured on the GL as an income account even though it will often act as contra income (with a negative value being posted).
Bank Balance GL Account	Choose a GL account for the bank balance. This is used for funds being purchased from and deposited to a bank. A GL account must be specified if making purchases from or making deposits to a bank.
Drawer Limit	Maximum amount the cash drawer is allowed to hold before it must be sold off to the reserve account. This is not a hard limit and the drawer may exceed this limit, at which time an alert will be displayed.
Allow transactions on loans in other branches5.35+	When selected, cash drawer transactions may be entered on loans belonging to a branch other than the branch to which the cash drawer is associated.
Branch	Choose a branch with which to associate this cash drawer. A default branch will be used if the branch option is not enabled.
User (Individual drawer type)	Choose a user with which to associate this cash drawer. A cash drawer must have one, and only one user assigned to it.
Member (Reserve Account drawer type)	Manage users who will have access to the reserve account. Users in the Member Of group will have direct access to the reserve account. Users in the Not Member Of group will not have access to the reserve account and will require an authorization from an authorized user to buy from and sell to the reserve account.

Cash Drawer Tab

Once cash drawers are set up, various functions relating to cash drawers can be accessed from the Cash Drawertab which will be available in contact view, loan view, and cash drawer view. This tab is only available to administrators and users with cash drawers assigned to them. All of the cash drawers the user has access to will be listed in the drop down menu of each action that can be taken on the cash drawer.

Reconcile	Count In Reconciliation	Select to open a cash drawer. Displays a count-in reconciliation dialog to open the cash drawer.
	Count Out Reconciliation	Select to close a cash drawer. Displays a count-out reconciliation dialog to close the cash drawer.
Reserve	Purchase Cash from Reserve	Displays a dialog to enter the amount of cash to purchase from a reserve drawer or bank.
	Sell Cash to Reserve	Displays a dialog to enter the amount of cash to sell to a reserve drawer.
Bank	Purchase Cash from Bank	Displays a dialog to enter the amount of cash to purchase from a bank.
	Prepare Bank Deposit	Displays a dialog to enter the amount of cash and checks to prepare for a bank deposit.
	Reverse Deposit5.19+	Displays a dialog for selecting deposits for reversal.
Data	Cash Drawer Status	Displays a table of all cash drawers accessible to the currently logged in user.
	Refresh	Set the frequency at which the listing refreshes its contents.
	Add Drawer	Displays a dialog to create a new drawer.

Count-In Reconciliation

When a cash drawer is opened, it must first be reconciled. Enter the count for each denomination of bills, rolled coins, and loose coins in the drawer. If there is a difference between the expected amount and the counted amount, the difference will be displayed in the cash and check discrepancy fields. Click Finalize to open the cash drawer. If there is a discrepancy, an alert will warn you of the discrepancy and you may choose to correct the discrepancy or open the drawer with the discrepancy in place.

Ending Cash Balance	Shows the drawer’s balance of cash at the last count-out reconciliation.
Net Cash Transactions	Not applicable.
Expected Cash Balance	Shows the expected cash balance at the time the drawer is counted in.
Ending Check Balance	Shows the drawer’s balance of checks at the last count-out reconciliation.
Check Transactions	Not applicable.
Expected Check Balance	Shows the expected check balance at the time the drawer is counted in.
Counted Cash Balance	Current balance of cash being counted in. This value changes dynamically as the count changes.
Discrepancy Cash	Shows the discrepancy between the Expected Cash Balance and the Counted Cash Balance.
Counted Check Balance	Current balance of check being counted in. This value changes dynamically as the count changes.
Discrepancy Check	Shows the discrepancy between the Expected Check Balance and the Counted Check Balance.
Bills	Type in the number or use the arrow buttons for entering the count of each denomination of bills. The total value is calculated to the right of the count.
Rolled Coins	Type in the number or use the arrow buttons for entering the count of each roll of coins. The total value is calculated to the right of the count.
Loose Coins	Type in the number or use the arrow buttons for entering the count of each loose coins. The total value is calculated to the right of the count.
Checks	Type in the total amount of checks in the drawer.
Comments	Enter any comments, if needed, for the count in reconciliation.
Grand Total	This is the sum of the Counted Cash Balance and Counted Check Balance.

Count-Out Reconciliation

Before a cash drawer can be closed, a count-out reconciliation must be performed. Enter the amount for each denomination of bills, rolled coins, loose coins, and total amount of checks in the drawer. If there is a difference between the expected amount and the counted amount, the difference will be displayed in the cash and check discrepancy fields. Click Finalize to close the cash drawer. If there is a discrepancy, an alert will warn you of the discrepancy and you may choose to correct the discrepancy or close the drawer with the discrepancy in place.

Ending Cash Balance	Shows the drawer’s balance of cash at the last count-in reconciliation.
Net Cash Transactions	Shows the total of all cash transactions since the last count-in reconciliation.
Expected Cash Balance	Shows the expected cash balance at the time the drawer is counted out.
Ending Check Balance	Shows the drawer’s balance of checks at the last count-in reconciliation.
Check Transactions	Shows the total of all check transactions since the last count-in reconciliation.
Expected Check Balance	Shows the expected check balance at the time the drawer is counted out.
Counted Cash Balance	Current balance of cash being counted out. This value changes dynamically as the count changes.
Discrepancy Cash	Shows the discrepancy between the Expected Cash Balance and the Counted Cash Balance.
Counted Check Balance	Current balance of check being counted out. This value changes dynamically as the count changes.
Discrepancy Check	Shows the discrepancy between the Expected Check Balance and the Counted Check Balance.
Bills	Type in the number or use the arrow buttons for entering the count of each denomination of bills. The total value is calculated to the right of the count.
Rolled Coins	Type in the number or use the arrow buttons for entering the count of each roll of coins. The total value is calculated to the right of the count.
Loose Coins	Type in the number or use the arrow buttons for entering the count of each loose coins. The total value is calculated to the right of the count.
Checks	Type in the total amount of checks in the drawer.
Comments	Enter any comments, if needed, for the count out reconciliation.
Grand Total	This is the sum of the Counted Cash Balance and Counted Check Balance.

Purchase Cash from Reserve

Opens a dialog to purchase cash from a reserve account. Select the reserve account from the drop down list and enter the amount of cash to purchase. Enter your password for the current drawer and click Login. Enter the user name and password of the authorized user of the reserve account and click OK. Purchased funds will be deducted from the reserve account and added to the current cash drawer.

Transaction Code 2 is entered to debit the cash drawer's Drawer Balance (Asset) GL Account and credit the reserve account's Drawer Balance (Asset) GL Account.

Sell Cash to Reserve

Opens a dialog to sell cash from the currently open cash drawer to a reserve account. Select the reserve account from the drop down list and enter the amount of cash and check to sell. Enter your password for the current drawer and click Login. Enter the user name and password of the authorized user of the reserve account and click OK. Sold funds will be deducted from the current cash drawer and added to the reserve account.

Transaction Code 4 is entered to debit the reserve drawer's Drawer Balance (Asset) GL Account and credit the cash drawer's Drawer Balance (Asset) GL Account.

When selling more cash than what is being tracked in the cash drawer balance, a confirmation dialog will be presented to confirm the overselling of cash to a reserve account.

Overselling of cash is only possible when selling cash from an individual cash drawer to a reserve account. Checks cannot be oversold.

Purchase Cash from Bank

Enter the amount to be purchased from a bank and click OK. The funds will be added to the current cash drawer.

Transaction Code 2 is entered to debit the cash drawer's Drawer Balance (Asset) GL Account and credit the Bank Balance GL Account.

Prepare Bank Deposit

Opens a dialog for selling cash to a bank account. Select the bank account from the drop down list and enter the amount of cash and check to deposit and click OK. The entered amount will be subtracted from the drawer. The cash amount or check amount, respectively, cannot exceed what is currently available in the drawer.

Transaction Code 6 is entered to debit the Bank Balance GL Account and credit the reserve account's Drawer Balance (Asset) GL Account.

Cash Drawer Status

Displays a table with a history of the selected cash drawer. The top pane shows the time the count-in and count-out reconciliations occurred, any discrepancies that was finalized at that time, and the comments.

Clicking on the OPEN item in the list will show, in the lower pane, all of the transactions for the drawer that has taken place since the count-in reconciliation.

Clicking on a count-out item in the list will show, in the lower pane, all transactions that occurred on the cash drawer since the previous count-in reconciliation.

Clicking on a count-in item in the list will show the details of any discrepancy that may have been recorded at that time.

Cash Drawer View

Users with the privilege to view all cash drawers can view the status of cash drawers by clicking on the Cash Drawer icon in the shortcut bar. A detailed list of all available cash drawers will be displayed.

Contacts of Branch contact type can also access the cash drawer view from the Cash Drawer tab located along the bottom of the contact view.

Transactions

When a cash or check transaction is made on a loan, the funds will be added to or subtracted from the cash drawer depending on the transaction type. If the user is assigned a cash drawer, the drawer will need to be open before any cash or check transaction can be made.

When a reverse payment transaction is made, a user with the privilege to reverse payment without an open cash drawer will be presented with an option to choose from which cash drawer—spanning multiple branches—the reversal is to be applied.

Cash Drawer Security

User and group privilege for cash drawer:

Operate Cash Drawer	User is able to open and make transactions from cash drawers.
View All Cash Drawer	User is able to view all cash drawers.
View Branch Cash Drawer	User is able to view all cash drawers belonging to the same branch.
Cash drawer not required for payment reversals	Payment reversals can be made without being tied to a cash drawer.
Purchase cash from reserve	User is able to purchase cash from a reserve account.
Sell cash to reserve	User is able to sell cash to a reserve account.
Purchase cash from bank	User is able to purchase cash from a bank.
Prepare bank deposit	User is able to prepare a bank deposit.
Override cash drawer count out	Allow managers to override the current user and count out cash drawers.
Hide cash drawer balance5.0.3+	Hides the cash balances, check balances, and discrepancy amounts on the reconciliation dialogs Hides the cash drawer balance on the status bar Users are not alerted to overage and underage discrepancies Drawers over limit are alerted to sell without displaying the balance
Disburse Funds via Cash Drawer5.14+	User is able to disburse funds via a cash drawer.
Return Disbursed Funds5.14+	User is able to return the funds disbursed via cash drawer.
Cash Drawer Setup	View User is able to view the cash drawer setup. Update User is able to make changes to the cash drawer setup. Add User is able to add new cash drawers. Delete User is able to delete cash drawers.
Reverse Check Deposit5.19+	User is able to reverse bank deposits by check.

Status Bar

The status (closed) or the name of the currently open individual cash drawer, current cash balance, and current check balance will be displayed on the status bar at the bottom of the NLS window. Reserve accounts are not shown in the status bar.

Use cash drawers and reserve accounts to manage cash and checks