What is dynamic float in SAP IS-R-POS - Point of Sale?

SAP Term: dynamic float

• Component: IS-R-POS

• Component Name: Point of Sale

• Description: A variable amount of tender to be retained in the till upon completing a balance.The user is prompted for the amount of tender to transfer to the safe. The remaining tender is accounted for in the till, this is the dynamic float.

Smart SAP Assistant

• Key Concepts: 
  Dynamic float is a feature of the IS-R-POS Point of Sale (POS) system that allows retailers to manage their cash flow more efficiently. It allows retailers to set a minimum and maximum amount of cash that can be kept in the POS register at any given time. When the amount of cash in the register falls below the minimum, the system automatically replenishes it with additional funds from a designated bank account. Similarly, when the amount of cash in the register exceeds the maximum, the system automatically transfers excess funds back to the designated bank account. 
  
  How to Use It: 
  To use dynamic float, retailers must first set up a designated bank account and link it to their POS system. Once this is done, they can set their desired minimum and maximum amounts of cash in the register. The POS system will then automatically replenish or transfer funds as needed to maintain these levels. 
  
  Tips & Tricks: 
  It is important to keep track of your dynamic float settings and adjust them as needed. For example, if you are expecting a large influx of customers during a certain period, you may want to increase your maximum amount of cash in the register so that you don’t run out during peak times. 
  
  Related Information: 
  Dynamic float is just one of many features available in the IS-R-POS Point of Sale system. Other features include inventory management, customer loyalty programs, and payment processing.