Finalisations or Payment Methods are the ways in which customers finalise the purchase and pay for the goods they have purchased.

You will need to set up a Finalisation for each type of payment you accept, and perhaps a couple of "strange" finalisation types.

Typical finalisations would include:-

• Cash
• Cheques
• Credit Card Payments Online
• Offline (Manual) Credit Card Payments
• Charge Sales to In House Accounts
• Discount Coupons

At the end of the shift or day, when a Z-Read is printed, SELLmatix will tell you what you should have in the till for each of these finalisation types, and this information is needed for till balancing.

There are some other less obvious types of finalisations that should be set up as well. These include:-

• Breakage. When items are broken, this needs to be recorded otherwise stock figures will be incorrect. Selling the broken items and paying for them with a "Breakage" finalisation keeps the stock records correct, and also allows you to keep track of the value of goods broken and damaged.
• Staff and management consumed goods. In many cases, staff are allowed to take product for their own personal consumption. This is a matter of management policy, however if items are consumed by staff and not recorded then the quantity of stock on hand will become incorrect, and management will have no way of knowing the value of items consumed by staff. It is better to "sell" such items and have them finalised as a Staff Sale.
• Complimentary goods given to customers on the house. For the same reason as above, a separate finalisation type should be set up if goods are given away, both for the sake of stock control and tracking the total value of these transactions.

Finalisations are edited via the Edit Menu on SELLmatix Control. Further information can be found on the following links:-

Selecting/Editing Records

Editing Finalisations

If you haven't already done so, why not activate SELLmatix now and start enjoying the benefits of the system now. With SELLmatix, you don't have to pay for everything up front. You can implement the system in stages adding parts as you go from the savings you make. As little as $30 gets you started. No risk. No long term commitment. Activate Now!

Back to top