How to Become an Expert to Balance Your Cash Register?
To start with, allow for one person to handle with the cash register drawer if that you can. The more people that access, the more accountability that must be in place. However, a point-of-sale (POS) system offers features that help monitor which employee performed every transaction.
Next, start by counting the current cash in the till before you open. Ensure you have enough to make change. What you start with every morning will shift from business to business.
Throughout the day, depending upon the volume of business, you`ll need to deposit cash. In a few cases it might be two or three times a day. Make sure when you count the cash you remove the difference from the initial morning tally. It may be great to set a system that two people confirm the check and see that it is placed in the safe.
At the day`s end, it’s time to count the total sum in your cash register drawer including every mobile payment, card transactions, cash, and checks. In case if the cashier is required to check their own cash drawer and you have a good point of sale system, the system will allow you to expect cashiers to submit a "blind count."
A blind count is the place the cashier doesn`t have access to the cash drawer total before they enter the all out money in the cabinet. This is an additional layer of protection against cashiers who may see that there is additional cash in the cash drawer and put it in their pocket. Or if you have a nefarious cashier, they profit in the cash drawer with the goal that they can take it toward the end when they run the report. It is never a smart idea to enable standard cashiers to run their own reports on cash in the cabinet and a valid statement of offer will assist you with this function.
When you are done, use your POS system to check whether the sum of the amounts matches. Small differences are common and are generally human errors, however you are searching for large glaring mistakes whether overages or shortages. Make certain to have a policy for your staff when dealing with cash, and hold everybody responsible. This will prevent temptation to steal.