Z Balance

The Z Balance is a report that provides a comprehensive summary of all transactions processed through a payment terminal for each card company since the last Z-Totals were performed. This report is an essential tool for merchants to reconcile their daily sales and ensure that all transactions are accurately accounted for.

When a merchant performs a Z-Totals process, the terminal aggregates the total transaction amounts for each card company (e.g., Visa, MasterCard, American Express) and generates the Z Balance report. This report includes details such as the total number of transactions, the total amount processed, and any other relevant transaction data. The purpose of this report is to give the merchant a clear picture of the day's sales activities and to facilitate the reconciliation process with the financial records.

Once the Z-Totals have been completed, the totals within the terminal are reset to zero. This resetting process is crucial as it prepares the terminal for the next day's transactions, ensuring that each day's sales data is distinct and accurately recorded. After the reset, the terminal returns to the 'Ready Screen,' indicating that it is prepared to process new transactions.

The Z Balance report serves as a critical end-of-day function for merchants, enabling them to verify that all transactions have been processed correctly and to detect any discrepancies that may need to be addressed. By providing a detailed overview of the transaction totals, this report helps maintain financial accuracy and transparency in the merchant's operations.