Table of Contents

Change History

Version	Date	Comment
Current Version (v. 1)	Apr 20, 2015 14:36	Nick Snyder

Overview

Layaways are a marketing approach used in many retail environments to sell products without setting up customer credit accounts. The customer makes payments against the sale total, but doesn’t receive the merchandise until they have been fully paid for. There are three stages in the life of a layaway; creation, payment and completion. At creation, the sale is processed and the customer makes a down payment on the merchandise. A layaway is created and the merchandise is moved from “on hand” to “allocated.” During the payment stage, the customer makes progress payments against the outstanding balance. At completion, the customer pays off the outstanding balance to close the layaway and receives the merchandise. Of course, the layaway can be voided at any point during this process and the customer will be reimbursed for the money that they have paid (less any penalties that the store might impose).

This Technical Release will explain the steps needed to configure Layaways in the TallySales Management System.

Configuring the Store

From the Enterprise Tab of TallyExplorer, select the Store to configure.
Select the Configuration Tab.
Select the Point Of Sale Preferences Button.

Define the Layaway Options.

Setting	Description
Service Fee Percent	The percentage of the Layaway to charge as a Service Fee
Service Fee Amount	A fixed amount to be used as the Service Fee for each Layaway
Minimum Deposit Percent	The percentage of the Layaway to require as a deposit
Minimum Deposit Amount	A fixed amount to require as a deposit
Cancel Fee Percent	The percentage of the Layaway to charge as a cancellation fee
Cancel Fee Amount	A fixed amount to charge as a cancellation fee
Expiration (Days)	The number of days the Layaway is valid (only used for reporting)
Auto-Adjust Price Up	When a Layaway is recalled, allow the Pricing to be modified if the Products price has increased. As of version 5.0.5.17, this feature has not yet been implemented.
Auto-Adjust Price Down	When a Layaway is recalled, allow the Pricing to be modified if the Products price has increased. As of version 5.0.5.17, this feature has not yet been implemented.
Detail On Report	Print Layaway details on reports

Select Save.

Configuring the Receipt Profile

The Receipt Profile contains the configuration and layout of all receipts printed by the TallySales Cash Register.

From the Enterprise Tab of TallyExplorer, select the Receipt Profile Button (The Receipt Profile window opens).
Expand the tree view and Select the Receipt Profile to configure.
Modify the Send to Receipt Printer options for the Layaway Sales Slip Type.
Send to Receipt Printer can be configured with the following settings:
- Yes – A paper receipt will always be printed.
- No – A paper receipt will never be printed
- Prompt – The cashier will be prompted to print the paper receipt.
Select the Receipt Format tab.
Define a Receipt Footer for the Layaway Sale within the Receipt Footer section.
Define a Receipt Footer for the Layaway PayIn within the Receipt Footer section.
From the Quick Access Toolbar (QAT), Select Save.

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Configuring Layaways