The Cash Account Variance report offers a comprehensive overview of cash movements linked to each cash account within the period. Leveraging the declared cash counts within that period, the report highlights any variances between the counted values and the expected values. In cases where the report indicates a variance requiring investigation, Click Here for information and advice on what to check as part of your investigation.. This report streamlines the investigative process, offering valuable insights to ensure accurate financial management.
This report is available only to companies subscribed to the Revenue Management module.
Report Filters
The Cash Account Variance report displays data for all cash accounts within the time frame of a period, therefore there are no filters available when running this report.
To run the report:
- Access the relevant cash period.
- The report is shown within the Cash Account Variance section towards the bottom, or can be downloaded by selecting [CASH ACCOUNT VARIANCE] in the Reports section.
Report Output
The Cash Account Variance report summaries activity for all Cash, Float and Control account throughout the duration of the period, displaying:
| Account |
Displays the name of the site account being reported on. |
| Type |
Displays the site account type. |
| Opening |
Displays the opening balance of this account at the start of the period; this reflects the count entered at the close of the previous period. |
| Cash Up Deposits |
Displays the value of cash deposited into this account from approved cash ups. |
| Cash Purchases |
Displays the value of cash deposited into this account, or removed from this account, when approving cash purchases. |
| Movements |
Displays the value of cash moved in to or out of the account using a cash movement. |
| Banking |
Displays the value deposited from the account when declaring deposits to the bank. |
| Expected |
Displays the value of cash expected at the end of the period, based on the opening count plus/minus any movements during the period. |
| Counted |
Displays the value of cash counted against cash count sheets within the current period. |
| Variance |
Displays the difference between the expected value and the value counted. |
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