The Banking module is the final reconciliation step in TakeSheet for each trading period. It brings together the consolidated figures from every individual module — POS, Gaming, CRT, AutoPay, ATM and Petty Cash — into a single view, giving your team a complete picture of the venue's net banking position for the day.
Rather than requiring manual data entry, the Banking module is largely auto-populated from the figures entered across the other modules. The user's primary role here is to review and verify the consolidated data before declaring the final banking deposit.
How the Banking Module is Structured
The Banking module is broken down by individual module — POS, Gaming, CRT, AutoPay, ATM and so on. Where a module has multiple devices — for example, two CRTs or three ATMs — the Banking module displays the consolidated total for that module rather than individual device figures.
Each line item in the Banking module is automatically assigned a debit or credit by TakeSheet's internal logic, along with a GL account allocation and GST treatment — whether inclusive, exclusive or exempt — based on the classification of the item as a revenue, expense or balance sheet posting. These assignments are configured during onboarding and ensure every item is posted correctly to your accounting platform.
Media Tenders — EFTPOS and Card Payments
Media tenders such as EFTPOS and card payments flow into the Banking module via the connected POS integration and are shown in the POS component of the Banking module. These figures are pulled automatically from the POS data and do not require manual entry.
Total Banking Figure and Final Banking Figure
At the bottom of the Banking module, TakeSheet displays two key figures:
Total Banking Figure — The net positive or negative banking figure for the current trading period. This represents the total cash position for the day after all revenue and cash movements have been accounted for.
Final Banking Figure — The cumulative banking figure that takes into consideration any negative or short banking days from previous trading periods. If a previous day resulted in a negative banking figure, that amount is carried forward and factored into the Final Banking Figure until it is recovered.
Do I Bank?
Below the Final Banking Figure, TakeSheet displays a Do I Bank? indicator showing either Yes or No:
Yes — The Final Banking Figure is positive. There are funds to be banked.
No — The Final Banking Figure is negative or short. There are no funds to bank for this trading period. Refer to the Short Banking article for more detail on how this is handled.