You may be surprised, but there is one thing that you are wasting way too much time on at your business: handling money. This important task is completely necessary, but what isn't necessary is having any one person doing it.
What you really need is a high quality cash counter, including currency machines, coin counter sorter machines, and a counterfeit machine. Once you automate cash counting, you will be shocked at the margin of error that you allowed to be absorbed directly from your profits. Check out more reasons why it's important to invest in cash counters.
More Accurate Accounting
More accurate accounting practices lead to more accurate budgeting, spending, analysis, and in the end, profits. It is very important that you count all of your money in the till and the safe accurately, and yet it is a waste of employee time and resources to undergo long coin counting projects. Counting notes by hand is time-consuming and must be carried out two or three times to make sure the numbers are accurate to correct any human error. A coin sorting counter can do the job in a fraction of the time, and much more accurately. Indeed, cash counting machines truly allow a business to maintain 100% assured accuracy for cash transactions.
Detection of Foreign Currency
If you run a business that receives a lot of foreign traffic, chances are that foreign currencies have crept into your till. High quality scanners within the currency-counting machine are able to tell exactly what type of currency you have received, so you can keep better track of your money in general.
Detecting Fake Currency
One of the worst things that can happen to a business is to have fake notes pass through. Essentially, you then lose the value of the goods or services, as well as of whatever change was made for what was thought to be a full payment. If you accept cheques as a form of payment you want to make sure they authentic. A cheque scanner will not only serve this purpose but will insure that your cheques are deposited automatically.
From a coin counter/sorter to retail cash management, don't let your change slip through the cracks!