Cash Drawer

Available in NLS 4.10.4 and later.

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.

Note

The Branch feature must be enabled to use Cash Drawer.

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.

NLS 4.10.7 and earlier

Cash Drawer setting is located under the Miscellaneous section in System Defaults.

Setting Up Cash Drawers

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

NLS 5.35 and laterNLS 5.34 and before

Add Add Create a new cash drawer.
Delete Delete Delete the currently selected drawer.
Modify 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 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 MenuTab

Once cash drawers are set up, various functions relating to cash drawers can be accessed from the Cash Drawermenu tab which will be available in contact view, loan view, and cash drawer view. This menutab 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 Cash Drawer menu with a submenu of actions that can be selected for that cash drawer.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.

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.
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.
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.
Cash Drawer Status Displays a table of all cash drawers accessible to the currently logged in user.
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

Note

An authorized user for the reserve account must be present to complete the purchase.

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

Note

An authorized user for the reserve account must be present to complete the purchase.

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.

NLS 4.10.9 and later

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.

NLS 5.5 and later

Opens a dialog for selling cash to a bank account. Enter the cash amount and check amount to deposit in the respective Cash Amount and Checks Amount fields. Checks amount can be broken down into individual checks by entering the Check Number and its amount.

Note

When individual check numbers and amounts are entered the Checks Amount will become the total of all the individual checks.

To print a deposit slip, a document template type of Deposit Slip must be installed under Setup > Document Templates. If multiple deposit slip templates are installed, the one with the lowest ID will be used. See Installing the Document Template on how to install document templates into NLS.

Deposit slip keywords

Date_Of_Deposit Current date in MM/DD/YY
Name_Of_Deposit Cashier's name
DrawerID_Of_Deposit Drawer ID
Cash_Of_Deposit Total amount of cash to deposit
Checks_Of_Deposit Total amount of checks to deposit
Check_Amount_1 – Check_Amount_60 Amount of check #1 – #60
Check_Num_1 – Check_Num_60 Check number #1 – #60
Total_Of_Deposit Total amount of cash and checks to deposit

NLS 5.11 and later

The number of individual checks that can be entered in the Prepare Bank Deposit dialog as been increased to 60 checks.

Reverse Deposit

NLS 5.19 and later

Opens a dialog for reversing bank deposits made by check. Reversals are not available for cash deposits.

Only deposits made previous to the last count-in reconciliation will be shown in the list. Any deposit that have occurred from a drawer that has not yet been counted out will not appear in the list.

The list may be narrowed down by choosing a date range and clicking Refresh.

Select the deposits to reverse and click Execute to reverse the check deposits. The amount in the currently open cash drawer will increase by the amount of the reversed deposit.

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.

Note

  • Clicking on the table header for a column will toggle between ascending and descending sort order based on that column.
  • The column width can be adjusted by grabbing the divider between the columns in the table header.
  • The total row is always shown with a yellow background.

  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 or selecting  Cash Drawer from the navigation menu. 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.

Note

Transactions cannot be made directly from a reserve account. An individual cash drawer must be used to perform a direct transaction.

NLS 4.10.7 and later

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.

Global Suspense

NLS 5.18 and later

When money is taken in through global suspense via cash or check, the current open cash drawer will be affected by the amount. However, when a transaction entry is made with a payment method of “From Global Suspense”, no cash drawer will be affected regardless of the original global suspense payment type.

Impound

NLS 5.27 and later

When a manual transaction or reverse manual transaction is made with a cash/check payment method and the transaction type is impound, the open cash drawer will be affected. When the impound transaction increases the impound balance, the cash drawer balance will increase. When the impound transaction decreases the impound balance, the cash drawer balance will decrease.

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.

NLS 4.10.9 and later

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