Setup Configuration

Setup configurations

Your first steps with getting started on Costbucket are below. Please note that these instructions are general in nature to support multiple business types.

  • Update Company Information
    Log into Costbucket then navigate to the top right corner and click on your profile then on the drop down option "Company Info".
    This information will be printed on your customer invoices.

  • Follow above instructions but select Settings to confirm all are correct

  • Or select the Settings App

  • Ensure that "Prevent Negative Stock" option is "NO". Always click submit to process any updates then NEXT.

  • Update Inventory Location Settings for each location where products will be stored or sold. Please note that the Location Settings will be printed on your receipts from the POS so it is essential to update accurately. We include a DE Default location which you can edit by clicking on the green edit button.

    Note: Users are assigned to locations. With each sale the Costbucket platform deducts from the location based on the user assignment.

  • Update Profit Centers to track sales in multi locations or departments. This is supported by assigning a user to a profit center. With each sale processed by the user, the profit center will be updated.
    Always click "Submit" to process updates before clicking "Next"

  • Update Bank - By default we include a POS Account in Costbucket. This is a fictitious bank account to capture all sales transactions in the profit and loss report and balance sheet. With each sale on the POS or mobile POS, the basic accounting treatment is:

    Credit Sales XXXX Profit and Loss Report
    Credit Sales tax XXXX Balance Sheet
    Debit Bank XXXX Balance Sheet

  • There is no need to adjust the POS Bank Account but you will need to add your real business bank accounts if you intend on using Costbucket for accounting purposes.
    When completed click "Next"

Update Sales tax rate or confirm