Agency OneFor your team
Every pula recorded twice, and proven at the close.
The five questions a finance team asks before a counter network goes live, each answered with the screen it would use.
Question 1
How does a till close?
Each counter opens on a declared float. At the close the teller counts the cash, the system shows what it expects, and any variance is recorded against that till with the supervisor who signed it off.
Question 2
How is commission earned?
Per transaction, at the rate set for that service in the catalog, and posted with the sale. What the network is owed is a ledger balance you can open at any hour.
| Service | Sales | Each | Earned |
|---|---|---|---|
| Cash deposit | 20 | P 8.00 | P 160.00 |
| Cash withdrawal | 25 | P 6.00 | P 150.00 |
| Funeral premium | 30 | P 5.00 | P 150.00 |
| Loan repayment | 22 | P 5.00 | P 110.00 |
| Total | 97 | P 570.00 |
Question 3
How do providers get paid?
Through the settlement bank you appoint, on each provider's own terms: in real time by API, in a nightly file, or through an assisted connector. Every settlement line traces back to the receipts it covers.
Question 4
What happens when the numbers disagree?
The daily match puts counter takings, provider statements and the bank side by side. Anything that disagrees becomes an exception with an owner and a deadline, worked in the back office until it clears.
Question 5
Which reports will I have?
The trial balance at any hour, commission, settlement, float and cash, variance by till and exception ageing, each with the figures behind it.
Follow one payment from the counter to the bank.
A funeral premium of P 150.00 with a P 5.00 fee, as finance and audit would trace it the next morning.
1. The counter
P 155.00
Taken in cash, receipt R-000021 printed.
2. The ledger
3 lines
Till cash up P 155.00, owed to the insurer P 150.00, fee income P 5.00.
3. The insurer
P 150.00
Settled in the nightly file, against the policy.
4. The bank
P 155.00
Banked from the till, on the next statement.
5. The match
P 0.00
Counter, insurer and bank agree. Anything that does not becomes an exception with a deadline.
Bring your finance team to a demo.
We will close a day together, on your services and your partners.