Tagcash handling

The end of day process in retail used to be entirely physical. Count the cash, enter the details in your POS software, run the report, lock up, go home.

The counting and the keying are still there. What has changed this year is what happens next.

Smart POS software today can give you text commentary on how the day has transpired, rather than leaving you to read a report and work out the story for yourself. The report is still there for those who want it. But the AI analysis provided by the Tower software is ready the moment the day is done, written in plain language, easy to understand.

That matters at 5.30pm when you are tired and the last thing you feel like doing is decoding rows of numbers.

Here an example of what it looks like

This is a real example from a newsagency business for which we had permission to run their data. Staff and product details have been anonymised.

Business Analysis — The following analysis is AI-generated

Key Performance Highlights

• Total sales for the day amounted to $2,398.35, with a significant variance of -23.97% from the average Thursday sales.
• The top-selling department was Magazines, with 86 items sold, generating $676.62 in sales.
• Staff F led in sales volume, contributing to 85 sales transactions and a total sales value of $1,179.71.

Notable Trends in Sales, Staff, and Time of Day

Sales Trends

• Magazines and Cards & Wrap were the most popular categories, though both experienced a decline compared to average sales.
• Collectibles showed a significant drop in sales, with a -31.12% variance.

Staff Performance

• Staff B achieved higher total sales ($1,218.54) compared to Staff F, despite fewer transactions.
• Both staff members did not attract any new customers during the day.

Time of Day

• The peak sales hour was 11:00 AM, with $550.99 in sales.
• Sales significantly dropped after 3:00 PM, with the lowest sales recorded at 5:00 PM ($29.27).

Operational Issues

• Discounting was applied to 3 sales, totaling $25.91 in discounts.
• Cash variance was noted, with an actual cash shortfall of $112.90.

Online vs In-Store Sales Commentary

• All sales were conducted in-store, with no online sales recorded for the day.
• 63 vouchers were issued, but none were redeemed, indicating a potential area for improvement in voucher utilization.

Recommendations for Management Action

• Investigate the reasons behind the significant sales variance in Collectibles and Magazines to address potential issues.
• Enhance staff training to improve customer engagement and attract new customers.
• Review cash handling procedures to minimize cash variances.
• Develop strategies to increase voucher redemption rates.

Weather-Related Impact on Trade

• The overcast and rainy weather may have contributed to lower foot traffic and sales, particularly in the afternoon.

Summary and Highlights

• Sales were below average, with a -23.97% variance from typical Thursday sales.
• Magazines and Cards & Wrap were the top-selling categories, despite a decline in sales.
• Staff performance was strong, but no new customers were acquired.
• Cash handling discrepancies need to be addressed to prevent future variances.
• Weather conditions likely impacted customer turnout, especially later in the day.

Audit Analysis — The following analysis is AI-generated

Excessive Cancellations

• At 08:51, a sale was cancelled on terminal POS1 by a staff member. The amount involved was $12.80.

Stock Quantity Adjustments

• Five stock items had their quantity on hand changed to zero on terminal POS2 within a ten minute window, including one item adjusted from 446 to 0.

Discounts Below Cost Price

• Two sales on terminal POS1 contained items discounted below cost price, totalling $57.49.

Why this matters

Look at what the commentary surfaced without anyone asking. A cash shortfall of $112.90. Sixty-three vouchers issued and none redeemed. Stock quantities zeroed out in a tight window on one terminal. Items sold below cost.

Any one of those could sit unnoticed in a traditional report for weeks. Here, they are called out in plain language on the day they happen, with recommendations attached.

The commentary reaches beyond traditional reporting. It does not just tell you what you sold. It tells you where the day was won, where it leaked, and what deserves your attention tomorrow morning. These are insights retailers can leverage for profit, and they arrive without you having to go looking for them.

Reports tell you what happened. Commentary tells you what to notice. That is the shift this year, and we think it changes the end of day from a chore into a moment of genuine business insight.

If your end of day still finishes with a report you rarely read, it might be time to look at what smarter software can do.