In TakeSheet, float transfers — the movement of cash between the safe and a float point — are recorded directly in the Safe Holdings module. There is no separate float transfer function in the platform.
How to Record a Float Transfer
When cash is moved from the safe to a float point, or returned from a float point back to the safe, this should be recorded as a line item in the Safe Holdings module against the relevant row. This keeps the safe holding balance accurate and ensures the movement is accounted for when the float is reconciled at close.
The Repayment Principle
Any funds dispensed from the safe to a float during the trading period are effectively a temporary movement — they will be repaid to the safe position when the respective float is counted and reconciled at close. Recording the transfer at the time it happens ensures TakeSheet can track the full movement of cash across the trading period and calculate the correct variance at close.
Note: Unrecorded float transfers are one of the most common causes of safe holding variances at close. Always record transfers as they happen — don't leave them until the end of the shift.