Are you Reviewing Voids?

I once spent 3 hours reviewing POS void reports for a food franchise doing $1.6M a year.

I found $91,000.

Not hidden in complex journal entries. Not buried in intercompany transfers.

In void transactions. Processed after cash payment. By the same operator. On the same shift pattern. For 11 months.

$91,000 that walked out of the register in $40, $60, $80 increments, small enough that no single transaction triggered a flag, large enough in aggregate to represent 47% of the owner's annual net profit.

The owner had a POS system. Had cameras. Had end-of-day reconciliations.

What they didn't have was anyone looking at void frequency by operator, cross-referenced against shift timing and cash drawer variance.

That's not a technology problem. That's a monitoring gap.

And here's what I want you to sit with: I found that in 3 hours. 3 hours of looking at data that had been sitting there for 11 months, available, accessible, untouched.

The cost of not looking wasn't $0. It was $91,000.

In food and retail businesses above $1M, your POS system is generating more information about what's happening to your cash than any person in your business is currently reading.

How long has your void data gone unreviewed?

Farhaad Seedat

Helping safeguard businesses from profit leaks caused by fraud, waste and hidden gaps.

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Stopping Profit Leak in Retail