Home > Marg Book > Controlsetup > What is the Process of Daily Cash Management in Marg Books ?
What is Daily Cash Management in Marg Books ?
Why to use Daily Cash Management in Marg Books ?
Who Uses the Daily Cash Management in Marg Books ?
What is the End Result of Daily Cash Management ?
Process to Enable Daily Cash Option from Control Room in Marg Books
Process to Assign Daily Cash Role in Operator in Marg Books
Process to Enable Mode of Payment in Marg Books
Process to Set Separate Cash Ledger for Operator in Marg Books
Process to provide Opening Cash to Operator in Marg Books
Process of Billing in Operator in Marg Books
Process to Submit Cash to Admin or Close Day in Marg Books
What is Daily Cash Management in Marg Books ?
Managing daily cash transactions is a critical aspect of financial operations for businesses, especially those that handle cash sales and deposits. The Daily Cash Management feature in Marg Books was introduced to streamline cash handling processes, ensure transparency, and enhance accountability in cash transactions. This case study explores the reasons behind its implementation and the benefits it offers to various stakeholders.
Why to use Daily Cash Management in Marg Books ?
In traditional cash-based businesses, tracking cash transactions and ensuring accurate end-of-day balances can be challenging. Manual cash handling often leads to discrepancies, lack of accountability, and potential financial mismanagement. Businesses required a systematic approach to:
Additionally, some customers who had multiple stores and branches faced significant challenges in tracking cash and stock balances across locations. Without a centralized system, they struggled with discrepancies in reporting and lacked real-time visibility into their financials. They had to depend on their cash operators to report total stock and cash, which often led to inconsistencies and delays in financial reporting. However, with this feature, they can now tally the total amount of cash and stock available in the shop against the data maintained in the accounting system, ensuring accuracy and control.
Who Uses the Daily Cash Management in Marg Books ?
a. Retail Businesses & Store Owners:
b. Pharmacies & Medical Stores:
c. Supermarkets & Wholesale Businesses:
d. Company Admins & Supervisors:
e. Operators & Cashiers:
f. Multi-Store Business Owners:
What is the End Result of Daily Cash Management ?
Daily Cash Management feature in Marg Books addresses key challenges faced by cash-handling businesses. By introducing structured cash assignments, ledger tracking, and end-of-day deposits, it enhances operational efficiency and financial accountability.
For businesses with multiple stores and branches, this feature provides a much-needed solution for real-time cash and stock monitoring, ensuring seamless financial management. With growing business demands, the need for robust cash management solutions like this will continue to rise, making Marg Books a valuable tool for businesses looking to maintain financial integrity and efficiency.
**Important Notice**
Process to Enable Daily Cash Option from Control Room in Marg Books
Process to Assign Daily Cash Role in Operator in Marg Books
The user will assign the Daily Cash powers to the user as per the requirement.
a. Open/Close Cashday: The user will place a tickmark to provide an access to user to manage 'Opening and Closing Cash'.
b. Cash Deposits: The user will place a tickmark to provide an access to user to receive and provide 'Cash Deposits'.
c. Manage Approvals: The user will place a tickmark to provide an access to user to 'Manage Approvals'.
Suppose place a tick mark against 'All' and click on 'Save' button or press 'F10' key.
Process to Enable Mode of Payment in Marg Books
Process to Set Separate Cash Ledger for Operator in Marg Books
Note - If Company Right is not given to the User then the Operator will not show in Cash Ledger and Separate Cash Ledger will be maintained for each Operator.
Process to provide Opening Cash to Operator in Marg Books
Process of Billing in Operator in Marg Books
Process to Submit Cash to Admin or Close Day in Marg Books
After following the above steps, the user can easily manage the Daily Cash in Marg Books.