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jltkmg
Level 1

Starting Cash - Loyverse

Hello,

Im hoping someone here has some experience with Loyverse and OneSaas. If not i still believe the information may be relevant to other EPOS software.

 

Basically i use onesaas to integrate loyverse and QBO together. Ive noticed that for a long while its been recording our starting cash in the sales entry on QBO. I believe this to be incorrect as its recording the starting cash as a form of income, which it is not.

 

Our starting cash varies each day, at the end of each shift we count up all the cash in the till, we leave in all the £5 notes, 4 £10 notes and all the coins. Therefore the starting cash / float is changed depending on what has been taken during the day.

 

At the minute every single day the starting cash is recorded as a line on our sales entry which is automated by OneSaas. They are telling me that they cannot remove this feature because we have shifts activated on loyverse. My concern is that every single day that the starting cash is added to a sales entry, its making our income look considerably higher, therefore a higher amount that is taxable.

 

This has been happening for a long while, does anyone know of a way i can mass deleted this lines from the sales entries instead of having to click on each day at a time.

 

I do hope i have explained this clearly and thank you :)

2 Comments 2
JoesemM
Moderator

Starting Cash - Loyverse

Thanks for sharing detailed information about your concern, @jltkmg. I'm here to share details about this matter.

 

The data QuickBooks download will depend on the posted transactions from One SaaS. QuickBooks Online doesn't have any control over what transactions should be imported or downloaded.

 

Also, the option to mass delete the lines from the sales entries is unavailable. For now, you'll have to delete the sales entries manually.

 

For future reference, I've collected these articles that will guide you in categorising your transactions and how to reconcile you account in QBO: 

 

 

Let us know in the comments below if you have other concerns or inquiries about managing your transactions in QBO. I'm just around to help. Take care always.

WilsonW
Level 2

Starting Cash - Loyverse

On the Loyverse POS app (Play Market or App Store),go to the 'Shift' menu. Specify the cash amount at the beginning of the shift and tap the 'Open shift' button. For cash management during the shift, go to the 'Shift' menu and tap the 'Cash management' button.
 

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