CASHERING

INTRODUCTION
Cashiers are responsible for collecting
payments, managing transactions and
ensuring the financial aspect of trades
between customers and the store occurs
legally. They are aware of the store's layout,
product placements and are usually adept at
providing quick responses to any questions
asked at the counter
POS Machine &
Statutory
Requirement
• A Point of Sale (POS) machine is a
system used in retail to process
transactions. Basic components
include a computer, software,
barcode scanner, and card reader.
• Statutory requirements at POS
involve adherence to local tax
laws, issuance of receipts, and
compliance with data protection
regulations. Always ensure proper
recording of sales and accurate
tax calculation.
Retail Invoice
A retail invoice is a document
provided by a seller to a buyer,
detailing the products or
services purchased, their
quantities, prices, and any
applicable taxes. It typically
includes:
4. Product/Service Details:
Description, quantity, unit price,
and total price for each item.
1. Seller Information: Name,
address, and contact details of
the seller.
5. Tax Information: Breakdown
of applicable taxes (e.g., sales
tax, GST, VAT) with their rates.
2. Buyer Information: Name, 3. Invoice Number and Date:
address, and contact details of Unique identifier for the invoice
the buyer. and the date it was issued.
6. Total Amount: Sum of the
product/service prices and
taxes, giving the overall amount
payable.
TAX
GST (Goods and Services Tax):
Sales Tax: Levied by some
Taxes on retail invoices vary A consumption tax applied to
states or countries on the
by region and can include: the supply of most goods and
sale of goods and services.
services.

Proper documentation of
VAT (Value Added Tax):
invoices and adherence to tax
Similar to GST, a consumption
regulations are crucial for
tax applied at each stage of
businesses to maintain
the production and
transparency and comply
distribution chain.
with legal requirements.
Age Restricted
Product
Consumer laws control the quality and safety of
goods and services. In some cases, goods
cannot be supplied to anyone below a certain
age. These laws exist to safeguard the health of
young people. We need to be aware of the legal
age at which different rights or responsibilities.

 Tobacco products
 Alcohol
 Weapons or knives
 Petrol and diesel
Process of handling different tenders
through POS machine
1. Selection of Payment Method: When a customer is ready to make a purchase, the
cashier or the customer selects the appropriate payment method on the POS
machine. Common options include cash, credit/debit cards, mobile payments, or
other electronic forms of payment.

2. Entry of Transaction Amount: The cashier enters the total transaction amount into
the POS system. This can include the cost of products or services, applicable taxes,
and any additional charges.

3. Customer Confirmation: The customer is usually shown the transaction amount on

the POS display for confirmation. This ensures transparency and accuracy in the
transaction.
4. Payment Processing: Depending on the selected tender (payment method), the
POS machine processes the payment. For cash transactions, the cashier enters the cash
amount received, and the POS calculates the change. For card payments, the machine
communicates with the payment processor to authorize and complete the transaction.

5. Receipt Generation: After successful payment, the POS machine prints or digitally
generates a receipt for the customer. This receipt typically includes details such as the
transaction amount, items purchased, date, and any other relevant information.

6. Record-Keeping: The POS system records the transaction details for both the business and
the customer. This information is essential for inventory management, financial reporting,
and customer service.

7. End-of-Day Reconciliation: At the end of the business day, the business reconciles all
transactions processed through the POS system. This involves ensuring that the total sales
match the actual funds received and resolving any discrepancies.
Card Machine & POS
A card machine, also known as a
point of sale (POS) terminal, is a
device that allows businesses to
accept payments through credit
or debit cards. It facilitates secure
transactions and helps streamline
the checkout process.
 Lay ways, EMI
Auto sales payment
methods
Layaways typically involve paying for an
item in installments before receiving it,
while EMI (Equated Monthly Installments)
is a post-purchase payment plan. In auto
sales, you may inquire about layaway
options for down payments or explore
financing through EMI for the vehicle's total
cost, often facilitated by banks or financing
companies. Check with the dealership for
specific payment methods and plans
available.
1. HARSHIT SINGH
2. DEVANSH GOGIA
3. SURAJ VERMA
4. DISHA
5. SIMRAN ARORA
6. VAIBHAV SAINI
7. VARUN DOGRA