About
There are several tasks to consider when it comes to end of month and
these can vary between venues according to the needs of the business and
operating requirements. Having an understanding of how Sysnet handles
end of month will assist the user in managing these areas in a timely
manner.
What happens when End of Month is run?
In Sysnet, the "End of Month" process is performed from the
Processing application. Literally when the button is pushed, Sysnet
will perform the following functions:
- Lock the Trans Server (or POS Controller Service)
so sales from the current shift period will not be included
- Totals all of the "End of Shift" reports
since last end of month and closes the period
- Draws a line in the sand as far as a "trading
period" is concerned for reporting purposes
- Closes the current day and opens a new day to allow
for monthly reporting on day based data
- Calculates a CLOSING
VALUE of stock on hand to compare with the opening value at
the beginning of the period
- Calculates the total value of sales for the trading
period
- Calculates the total cost of sales for the trading
period
- Calculates the actual Gross Profit percentages
achieved for the trading period as a direct result of sales, discrepancies
and wastage processed throughout the course of the period
- Totals and clears the month to date figures ready
for the next period
When should End of Month be run?
- ALWAYS run on the first day of the month or the
first day of the financial period
- This ensures that reporting on a complete month
is consistent and accurate from period to period
- When NOT processed on the correct day the subsequent
reporting data will include the additional days trading in that month
until it is run
