Daily Close Service • KalOPS

What is Daily Close?

The Daily Close process is a systematic procedure performed at the end of each business day to reconcile all financial transactions, verify cash balances, and prepare accurate reports for management review.

It involves closing out the day's sales, balancing cash registers, verifying credit card transactions, and ensuring all financial data is accurately recorded in your POS/ERP system.

Why is Daily Close Important?

Daily Close is critical for maintaining financial accuracy, detecting discrepancies early, and ensuring your business operates with complete transparency. Without proper daily closing procedures:

Financial errors can accumulate unnoticed
Theft or fraud may go undetected
Cash flow management becomes difficult
Tax reporting becomes inaccurate
Business decisions lack reliable data

How We Handle Daily Close

Our expert team follows a meticulous 7-step process for Daily Close:

1. Sales Reconciliation

Match POS sales data with actual cash, credit cards, and digital payments

2. Cash Count & Verification

Physical cash counting and verification against system records

3. Credit Card Settlement

Verify all credit card transactions and reconcile with bank deposits

4. Exception Reporting

Identify and report any discrepancies or unusual transactions

5. End-of-Day Reports

Generate comprehensive daily sales and financial reports

6. Data Backup

Secure backup of all daily transaction data

7. Management Summary

Prepare executive summary for business owners

Benefits for Your Business

Financial Accuracy

99.9% accurate daily financial reporting

Fraud Prevention

Early detection of discrepancies or theft

Time Savings

Save 2-3 hours daily on manual reconciliation

Better Decisions

Accurate data for informed business decisions

Tax Compliance

Proper records for tax reporting and audits

Peace of Mind

Know your finances are accurate every day

Frequently Asked Questions

How long does the Daily Close process take?

Typically 1-2 hours depending on transaction volume. We complete it within 2 hours of store closing.

What information do you need from us?

We need access to your POS system, bank statements, and cash register reports. No sensitive financial data is stored.

Can you handle multiple store locations?

Yes, we manage Daily Close for multiple locations with consolidated reporting.

What happens if you find discrepancies?

We immediately alert you with detailed reports and suggested corrective actions.

Is this service available 7 days a week?

Yes, we provide Daily Close services 365 days a year, including holidays.