We Buy & Sell   Asset Recovery   Market Valuation   Press  Downloads 
 
  Sign up for our
e-newsletter and keep up with all the latest news and information
in the IT Industry
 
enter your email address

Earn up to 10% on Each Millennium Sale
Participate in Our New Partnership Program.
Contact Us more for details

 

 
   

Articles and Information / POS Systems

 

Done Lose Money You Never Knew You Had : The Compelling Case For Conducting Surprise Cash Counts

Don't Lose Money You Never Knew You Had: The Compelling Case For Conducting Surprise Cash Counts

One of the most common way's for cashiers (and, of course, bartenders) to earn extra money on the side is to "build the till. " It’s a simple process of placing all the cash they receive from customers exactly where it's supposed to go, in the cash drawer.

However, every fifth soft drink or small order of fries isn't rung up or an item is rung up at a lower price. The customer, however, is still charged full price for everything. This means more cash is going into the cash drawer than the amount of sales getting rung up on the register.

The dishonest cashier will have some type of counting scheme to keep track of how much unrecorded money has accumulated. Then, at an opportune time (when no one is looking) they will pull the excess cash out of the drawer and pocket it.

Here's a way to tell if one of your cashiers or bartenders isn’t ringing up all their sales:

Every so often during a shift (on a surprise basis) pull a cashier's or bartender's cash drawer (swap it out with a different one) and take a register reading, which will tell you how much cash "should" be in the drawer. Count the actual cash in the drawer and if you come up with a cash "overage", you either have a problem with incompetence or someone's cheating. Usually the latter.

Never underestimate the lure of quick cash and the lengths some people will go to get it.

Conducting surprise cash counts on a regular basis continues to be a "best practice" and an effective technique for keeping cashiers and bartenders honest. It always makes good business sense to be double sure you've got solid controls in place whenever you've got people dealing with cash.

 

 
 
Millennium Buys and Sells
technology asset recovery at minfotech.com
WE BUY !
We'll buy your even if you don't buy ours.
Get an Offer Today!
WE SELL !
Let Millennium help with your planning and procurement.
Get a Quote Today!
technology asset recovery at minfotech.com
 
 
 
Buy and Sell your at Minfotech.com
We BUY !
We'll buy your even if you don't buy ours.
Get an Offer Today!
We SELL !
Let Millenium help with your planning and procurement.
Get a Quote Today!
 
 
Products
POS Terminal (CPU)
Barcode Scanners
Receipt & Label Printers
Operator & Customer Displays
Cash Drawers
Monitors & Touch Screen
Check Readers
POS Keyboards
POS Pin Pads
Signature Capture Device
 
 
 
minfotech.com      

All Rights Reserved 2005

Asset Recovery | Market Valuation | News | Press | Downloads | About Us | Contact Us | Site Map