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Showing posts from May, 2019

What Are The Advantages Of A Cash Drawer In A Business?

Cash management is one of the most important things that are considered in a business. It is necessary to know the financial status of a business and see if it is correct or not. There are a lot of cash transactions that are handled by a business. It is very important to keep an account of all the cash that comes in and goes out. This is where the work of a cash drawer comes in. Cash drawers are used to manage the cash in the right way so that there is no missing transaction or missing cash even for a small amount. Helps In Managing the Cash When a customer purchases any good or service they pay for it which is taken by the cashier and, in turn, the cashier may also have to give them change. The system of the cash drawer is such that it is combined with the billing system which helps in determining the amount of cash that the cashier has in the cash drawer at the moment. Helps In Reducing Cash Fraud The cash drawer has a lock which can be opened by the person in charge. No on