A cash float is generally understood as a base cash amount that users exchange during the shift. Cash floats are typically filled with smaller denomination amounts at the start of a shift so that users can provide change to customers during cash transactions.
You can use physical cash drawers to track and report cash flow. If your Restaurant POS device is not linked to a physical cash drawer, cash flow is connected to the user performing orders. In this case, the cash drawer is virtualized and called a user wallet.
You may opt for user wallets if your POS users manage their own floats during a shift. User wallets are automatically created if you have float management without a linked physical cash drawer.
If you are using a common cash float at your business, it's a good idea to set up a cash drawer. Physical cash drawers are connected to your receipt printer and then given an assigned name in the Back Office for reporting purposes.
In the Float Management tab of the Back Office, you can administer cash floats for your physical cash drawers or virtual staff wallets. Once a cash float is created, you can assign it to a particular POS device and POS users.
In the next articles we will explain how to: