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

SAP Term: float

• Component: IS-R-POS

• Component Name: Point of Sale

• Description: Tender that is taken from the store’s safe and placed in a cash drawer for a shift. This allows the cashier to give customers change. A float is often referred to as a loan.

Smart SAP Assistant

• Key Concepts: 
  Float is a term used in the IS-R-POS Point of Sale (POS) component of SAP software. Float is the amount of money that is available to be used in a POS transaction. It is the difference between the amount of money that has been taken in from customers and the amount of money that has been paid out to vendors. 
  
  How to use it: 
  Float can be used to track the amount of money that is available for use in a POS transaction. This can be done by subtracting the amount of money taken in from customers from the amount of money paid out to vendors. The resulting number is the float. 
  
  Tips & Tricks: 
  It is important to keep track of float in order to ensure that there are enough funds available for POS transactions. Additionally, it is important to monitor float on a regular basis in order to ensure that there are no discrepancies between the amount of money taken in from customers and the amount of money paid out to vendors. 
  
  Related Information: 
  Float is related to other terms such as cash drawer, cash balance, and cash reconciliation. Cash drawer is the physical container where cash is stored during a POS transaction. Cash balance is the total amount of money that is available for use in a POS transaction. Cash reconciliation is the process of comparing the amount of money taken in from customers with the amount of money paid out to vendors.