Having a clear idea about your business requirements and budget limit will let you choose the right model. Whether you are having the conventional cash drawer unit or the latest point of sale systems, it is essential to know how to collect and secure the money obtained from the transactions. So here is a step by step guide that will help you balance the cash register.
- While you are delegating the task of accessing the cash register, make it a point to follow single-drawer accountability. Only one employee should be given the access to the specific cash drawer.
- Before the store opens up for the sales, you have to put fixed beginning cash amount in the drawer.
- Perform cash drop only during the non-peak times. Do quick math to know how much amount you have removed from the drawer and stored into another safe. This procedure should be carried out in the presence of main cashier or manager.
- Final step is the checking out or balancing. When the store is closed for the customers, cashiers will count the money, calculate the necessary accounting works and clear out the drawer for the following day.
