The TAB module in TakeSheet is used to reconcile your venue's TAB wagering activity. The daily cash reconciliation follows the same structure as the Keno module, however TAB charges, fees and venue commission are reconciled on a weekly basis rather than daily — due to the timing of when TAB reporting becomes available.
How the TAB Module Works
For each TAB device at your venue — TAB terminals and EBT machines — the module displays:
Starting Float — The opening float amount for the device. This can be entered or left if not applicable to your venue's configuration.
Net Imbalance to Cash — The theoretical figure representing the positive or negative net imbalance across the TAB and EBT machines for the trading period. This figure is sourced from your TAB daily report and entered by your team.
Clearance — The actual cash cleared from the device, net of the total float inclusive of any float increases or decreases applied during the trading period.
Completing the Daily TAB Cash Reconciliation
Navigate to the TAB module for the current trading period.
Enter the Net Imbalance to Cash figure from your TAB daily report — this is the theoretical figure.
Count the TAB float and enter the Clearance figure — the actual cash cleared net of the float.
Review the variance calculated by TakeSheet at the bottom of the module.
Charges, Fees and Venue Commission — Weekly Reconciliation
TAB charges, fees and venue commission are entered weekly in TakeSheet rather than daily. This is because MYTAB reports are not calculated and made available until the following week — meaning the previous week's figures are typically available for entry on Tuesday of the following week.
Note: The specific day TAB charges, fees and commission become available may vary depending on your state and TAB reporting configuration. If you are unsure when your MYTAB reports are available, check with your TAB representative or venue administrator.
When your weekly TAB figures are available, enter the Charges and Fees and Venue Commission into the corresponding fields in the TAB module for the relevant trading period.
Tip: Set a recurring reminder for your team to complete the weekly TAB charges and commission entry on the day your MYTAB reports become available. Leaving these figures outstanding creates an incomplete reconciliation that will need to be revisited before the period can be fully closed.