A cash drawer float is a desired balance that you wish to maintain in the cash drawer at all times. When you have a float set up, Springboard Retail will automatically tell you how much cash needs to be removed from the drawer upon closing in order to maintain that float.
To set up a float:
- In the Settings menu, navigate to the cash drawer via Locations > Cash Drawers.
On the location page, you will see a "Desired Balance (Float)" field. By default, this field is blank.
- Enter the dollar amount that you would like to keep in this drawer at all times and click the "Save" button.
You have successfully set up a float in your cash drawer.
Please note: There will be an initial variance when you close your drawer where you'll be "over." This is because there was no float initially so the drawer was set to $0.00. After this initial variance your drawer will be balanced moving forward.
Now that you have a float set up, if a user tries to close the cash drawer and there is a difference of more than $10 between the float and the balance remaining in the drawer, the user will receive a warning like this one:
*Take a look at our article on how to open and close the cash drawer from the POS