Cash Denominations Master [HQ]
Cash Denominations Master.
Gofrugal HQ Cash Denominations Master is a feature within the Master Data Management (MDM) module that allows you to define and manage the different denominations of cash that your business accepts or uses. This master data is crucial for various financial and operational tasks, including:
Cash Management: Helps you track the availability of different denominations of cash in your stores or warehouses.
Sales and Payments: Enables you to record sales transactions accurately, including the specific denominations of cash received.
Key Functionalities.
Define Denominations. You can create a list of different cash denominations that your business uses, such as Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500, and Rs. 2000.
Assign Denominations to Outlets. You can assign specific denominations to different outlets or stores based on their requirements and local currency preferences.
Manage Denomination Changes. You can update the list of denominations as needed, such as when new currency notes are introduced or old ones are withdrawn.
Here’s how to prepare and send the Cash Denomination Master from HQ to the different outlets.
Go to MDM > Cash Denomination Master
Choose between Outlet Based or Group Based.
Let's check how the Outlet Based option works
Select the Type as Outlet Based, choose the desired outlet then click the Go button.
Click on the + button if any new denomination has been introduced by the government.
Put the Denomination Name, Denomination Description, and Status.
Click on the Save button to save the denomination master.
Choose the outlet, add your remarks, then click the Save button.
Next, let's check how the Group Based option works
Select the Type as Group Based, then select the Group as Default or Franchise from the list.
Select the franchise name from the choose outlet list, then click the Go button.
Click the + button if any new denomination has bee introduced by the government.
Then put the Denomination Name, Denomination Description, and Status.
Click the Save button to save the denomination master.
Add your remarks, then click the Save button.
Once you’ve saved the denominations, they’ll be sent out from HQ to the outlets automatically.
To check whether the denominations are received at the Outlets:
Navigate to Sales > Masters > Tender > Denomination Master.
The denominations will look similar to the below screenshot.
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