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Understanding Z-Reading Report - PH
Understanding Z-Reading Report - PH
Updated over a week ago

What is a Z-Reading?

Z-Reading report is also known as the End-of-Day report. Unlike the X-Reading report, the Z-Reading report is cumulative and has never been reset since the first day of operation.

What are the important components of a Z-Reading report and how to read it?

Report Date

The date on which the Z-Reading was extracted.

Report Time

The moment at which the Z-Reading was extracted.

Store Name

The name of the merchant's store from which the Z-Reading was extracted.

VAT Reg TIN

Taxpayer Identification Number (TIN) issued to businesses or individuals that are registered for Value Added Tax (VAT).

Beginning OR

The initial Official Receipt (OR) number used for transactions on a specific date. This number marks the starting point for the sequential issuance of official receipts for the day.

Ending OR

Indicates the concluding transaction or sale documented for a particular date or reporting period, signifying the ultimate Official Receipt (OR) number utilized on that specific day.

Beginning Balance

The starting amount of cash or funds recorded in POS terminal at the beginning of a specific business period. It represents the amount of money available in the cash register before any transactions take place.

Ending Balance

The final amount of cash or funds in a cash register or point-of-sale (POS) system after a specific business period, such as a shift or a day. It represents the remaining funds after all the transactions, sales, and adjustments have been accounted for during that particular period.

How to Calculate Ending Balance? (Please see the sample image above)

Beginning Balance + Net Amount = Ending Balance

₱6774425.09 + ₱104092.78 = ₱6878517.87

Net Amount

The total amount of sales or transactions minus any applicable deductions or returns.

VATable Sales

The portion of sales transactions that are subject to Value Added Tax (VAT).

Value Added Tax is a consumption tax imposed on the sale of goods and services, and not all sales may be subject to VAT. Some items or services may be exempt or zero-rated.

VAT Amount

The total sum of Value Added Tax (VAT) collected on VATable Sales during a specific business period.

VAT Exempt Sales

The portion of sales transactions that are exempt from Value Added Tax (VAT).

Zero Rated Sales

The portion of sales transactions that are subject to a zero rate of Value Added Tax (VAT).

While some sales are exempted from VAT, zero-rated sales are different in that they are taxable at a 0% rate, meaning that although the transaction is subject to VAT, the rate applied is zero.

SC Discount

The total discounts are given to senior citizens on eligible goods and services as part of social benefits or government regulations.

PWD Discount

The total discounts given to Persons with Disabilities (PWD) on eligible goods and services.

Other Discount

The total custom discounts are given to customers.

Voided Amount

The total amount of transactions that have been voided or canceled during a specific business period.

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