Keeping your till balanced and reconciled is an important part of managing your cash flow. Timely makes it easy, even at the end of a long, busy day.

Balancing the Till isn’t a Chore with Timely

Cash management means you’ve got a handle on the money flowing in and out of your business. Keep your accountant happy by tracking payments against registers in Timely, performing your cash up, recording how much cash you’ve banked, and recording your petty cash.

Managing your cash is easy on both our iOS and web app to ensure you have full visibility over your incomings and outgoings, giving you peace of mind and confidence in your numbers.

Cash up every day – it only takes a few minutes!

Balancing your till at the end of the day is an excellent way to keep on top of your cash flow. Timely takes the pain out of this process by providing you with accurate totals for each payment type you’ve taken that day.

Record the actual amounts when you’ve counted the cash in your till, or run your end of day report on your card payment machine, and we’ll show you any discrepancies.

Banking some cash? Record the amount of cash you’re banking, and we’ll carry over the balance to the next day’s float for you.

P.S. Sometimes mistakes happen and it’s important that you’re able to fix them, so you can revise previous cash ups if needed!

Record your petty cash transactions

Need to pop out and grab a round of coffees for your team? With Timely you can easily remove cash from the till and we’ll include that in the totals for the day to make sure your tills balance. Heather from Heather White Salon started off on her own, but as she has added two new staff, she finds that tracking petty cash from within Timely results in better cash management processes in her team:

“The petty cash option gives me more control over what can sometimes be a loose cannon on the front desk! As a salon owner it gives me a snapshot of the day’s income without feeling I need the accountant to explain the numbers.”

Find out more about petty cash in the help guide.

Reports to keep an eye on your numbers

Timely’s cash up reports make it easy to keep an eye on your cash up totals, with options to view your daily cash up reports, or the Cash up summary report currently in preview.

The Cash up summary gives you a view of your cash up figures over time, including discrepancies and banked amounts. You’ll be able to spot trends to help you get a better handle on your finances.

Cash Up Summary Report in Timely

Note: The Cash up summary report is currently in preview. If you’d like to provide feedback on the report, drop us a line.

Keeping your till balanced and reconciled is an important part of your day, but it doesn’t need to be a chore.

Check out our help guides for more help with cash management in Timely.