If you want to print an overview of your card transactions, you’ll come across the X and Z totals functions on your payment terminal. But what exactly is the difference between these two reports? When should you use which one, and what does it mean for your administration if you accidentally choose the wrong option?
Both reports provide insight into:
Do you sometimes mix up X and Z reports? Remember:
X totals are interim reports that you can print without closing the period. This is useful if you want to see how things are going during the day.
For example, you can:
You can print an X report whenever you want.
Z totals are used to close a period. This is also called a day report or end-of-day report. With a Z report, you close a period. Even more importantly: the counters are completely reset to zero. The next successful transaction will then fall into a new period.
Please note: a day closing cannot be undone.
Besides the difference between X and Z totals, you can also choose between a compact or detailed report. With a detailed report, you can see not only the transactions but also which card brand or card issuer was used, such as Visa, Mastercard, or American Express.
This gives you more insight into your customers’ payment behaviour. For example, if you don’t yet accept American Express but notice that many customers pay with Visa or Mastercard, you can assume that adding Amex could be a valuable addition — especially if you serve many tourists.
No worries! You can still generate a day report via your personal Buckaroo account (Plaza or My Buckaroo). Keep in mind that the physical printout from the payment terminal will then no longer be correct. In that case, use the digital overview in your bookkeeping instead of the paper receipts.
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For proper bookkeeping, it’s recommended to create a Z report on every day that transactions have been processed.
Using the X and Z totals on your payment terminal helps you keep a clear overview of your card turnover and gives you insight into your revenue. By maintaining a consistent routine, your administration stays organised and you avoid correction work afterwards. That way, everything is properly arranged for your business and you won’t have to worry about your bookkeeping.
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