POS End of Day Closing and Reporting functions

Retail operations need to settle up at the end of day (or shift). This means making sure all reported revenue reports for the day match payments, credit, refunds, cash, etc and floating cash sums. Variances have to be noted. Settlement accounting or reports need to be generated and saved for historical review. The net sales volume ($) for the day can be transferred to the accounting function, where ever that is.