 Arranging Cash › Smaller Denominations Should Start On The Right And Proceed Up  Recording Sales › Cash Registers And Point Of Sale (POS) Terminals  Operating The Cash Register › Enter Price Using Register Keys › Scan UPC (Universal Product Code)  Making Change › Announce Amount Of Sale › Take Money And Say How Much They Give You › Place Cash On Register Plate › Remove Change Form Drawers › Count Change Back To Customer

 Personal Checks › Drawer-person Who Presents Check › Drawee- Bank That Pays The Money › Payee- Store That Receives Money  Money Order › Purchased From Bank Post Office, Or Convenience Store  Traveler’s Checks › Treated Like Cash › Check For Photo ID And Signature

 Credit Card › Swiped › Money Is Electronically Deposited In To Store Bank Account  Debit Card › Swiped › PIN May Be Required › Money Is Electronically Deposited In The Stores Bank Account From The Customers Checking Account

 Opening Cash Fund › Small Amount Of Money To Make Change › “Start Up”  Opening Procedures › Count Coins In Cash Drawer › Record Totals › Place Currency In Drawer  Buying Change › Exchange Large Denominations For Smaller Ones › Maintain Exact Amounts  Closing Procedures › Add Cash In Drawer Plus Refunds › Total Sales Minus Opening Cash › Compare Cash In Drawer And Sales On Tape (Z or X Report) › Record Amount And Minus (shortage) Or Plus (overage)

 Lighting Isn’t Too Bright Or Too Dim  Aisle Are Free Of Hazards  Create Signs That Direct The Customer Where To Find Merchandise  Vacuum Or Sweep At End Of Day › More based on industry requirements/standards  Grocery stores  General Goods  Dust Shelves Clean Mirrors And Displays  Mop Areas That Need It  Organize Stock Room, Inventory, Backstock  Straighten Merchandise

 Policies › General Statement Of How Store Is Intended To Be Run  Procedures › Processes Or Steps To Carry Out Policies  Things To Be Included In Store Policies › Mission Statement › Hours Of Operation › Credit Policies › Return Policies › Customer Services › Loss Prevention › Safety Procedures › Job Titles And Responsibilities › Standards For Employees

 Accounts Receivable › Money Owed To A Business By It’s Customers  Accounts Payable › Money Owed To A Vendor  Cash Receipts › Cash From Sales Or Payments  Cash Disbursements › Any Cash Paid Out By The Business

 Income Statement › Summarizes Business’s Income And Expenses During A Specific Period Of Time Total Sales – Returns And Allowances = Net Sales Net Sales – Cost Of Goods Sold = Gross Profit Gross Profit – Operating Expenses = Net Income Before Taxes Net Income Before Taxes – Taxes = Net Income  Balance Sheet › Summary Of A Business’s Assets And Liabilities › Asset  Anything Of Value That The Business Owns › Liability  Amount Of Money The Business Owes

 Sale Tally › Calculation Of Daily Sales  Electronic Or Manual  “Z” And “X” Reports From Registers  Deposits  Use Of Sales Reports › Merchandising Decisionssuch as… › Pricing Decisionssuch as… › Purchasing Decisionssuch as… › Sales Quotassuch as… › Schedulingsuch as…

 POS Systems“Point Of Sale” › Track Inventory › Track Purchasing Patterns › Reordering Merchandise › Printing Financial Statements › Tracking Customers  Accurate  Keep Up-to Date Information › Inventory › Sales › Others