Closing

Daily Closing in Simple Steps

At the end of the business day, the branch manager performs the daily closing which aggregates all sessions and sales, calculates totals, and automatically posts journal entries to the general ledger.

  • Automatic aggregation of all daily sessions
  • Total sales and payments calculation
  • Daily expenses deduction
  • Automatic journal entry posting (GL)
  • Detailed end-of-day report
  • Alert for unclosed sessions
Daily Closing Summary
Sessions4
Total Sales12,450 SAR
Expenses-350 SAR
VAT Collected1,624 SAR
Net Today12,100 SAR
GL Posted ✓

Closing Steps

Verify Sessions

Ensure all cashier sessions are closed and review variances

Generate Report

Generate end-of-day report with sales, expenses, and variances

GL Posting

Automatic journal entry posting with account distribution

Included in All Plans

Daily closing is included in all XiKey plans as part of Branch Manager

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