To view the balance of deposits and payments received on layaways in your store, you will want to run the Layaway Deposit Report.
First, click on "Reports" from the Bravo Dashboard.
Now scroll down to "Sales Reports" and select "Layaway Deposits"
Click Preview and you will see a pop-up window that will allow you to configure your report:\
You will get a report that looks like this:
The top section of the report shows all business dates that had layaway transactions. This section shows:
- Date
- Business date of the layaway transaction
- Starting Layaway Deposits
- This is the amount received on open layaways at the beginning of the business day.
- Down Payments
- Money received to start a new layaway. (This amount is subtracted from the overall balance)
- Payments
- Any payments made on open layaways (This amount is subtracted from the overall balance)
- Redemptions
- Layaways that have been finalized and sold.
- Cancellations
- These are layaways that have been cancelled by the customer.
- Expirations
- These are layaways that were expired due to lack of payment.
- Ending Layaway Deposits
- This is the amount received on open layaways at the end of the business day
The chart at the bottom of the page shows totals for all of these transaction types. It breaks the totals out into two columns.
Day - Refers to the last date of business for the reporting range
and
Month - Refers to the reporting range as a whole.
To calculate the layaway deposits:
Starting Layaway Deposits + Down Payments + Payments - Redemptions - Cancellations - Expirations = Ending Layaway Deposits.