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Cash drawers
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Cash drawers
Cash storage: The primary function of a cash drawer is to keep cash safe and organized. The cash drawer usually has several compartments or divisions to keep different denominations of notes and coins separate and easily accessible.
Permission control: The cash drawer often has a lock to ensure that only authorized people have access to the money. This helps prevent theft and fraud.
Completing cash reconciliations: At the end of a business day, the cash drawer is used to reconcile the cash. Staff count the cash in the cash drawer and compare the amount with the expected cash balance to ensure there are no differences.
Facilitate transactions: The cash drawer is where cash is stored during transactions. When a customer pays in cash, the cashier opens the cash drawer to accept the payment and give the customer any change.
Robbery prevention: Although a less common situation, a cash drawer can also act as a form of security measure against robbery. By keeping cash safe and locked away, it can reduce the risk of theft during a robbery.
There are several different types of cash drawers, varying in size, capacity, features and design.
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