Mistakes every business makes and how to prevent loss. Heathco’s Andy Schroeder shares critical tips and advice from the most experienced cash handling company in the United States.
Do you know about the cash movement between register to safe. How most businesses handle that transaction?
Most everybody handles their money the same exact way. Whether it is a university, a hotel, a restaurant, an amusement park, or a convenience store. They have to retrieve their cash or coin some way.
For example, lets say you are an employee and need some change. In this case you have a ten dollar bill and need two rolls of dimes.
What you going to do is give the manager the ten dollar bill. They have to be interrupted from what they are doing.
What the manager must do is open the door to the safe. They are going to put the ten dollar bill in the safe and then get out two rolls of dimes and give those back to the employee because and the employee is going to put those back in the register.
The problem with this system is just the fact that it is inefficient. It is taking the manager who is the most important person in the operation and makes that person move around to do items that can be done more efficiently a different way.
Secondly and even more importantly it increases your exposure. You have exposed all of the change fund when that safe door is opened to everyone — a willing robber can take advantage of that very easily.
The thing is that this door is typically what we call on daylock — meaning it is not locked. So the manager has immediate access to this door. The issue I think philosophically is you might have eight, ten, twelve sets of hands getting into this change fund over the course of the day which you know is going greatly reduce or decrease the accountability in the store.
We have the solution at Heathco. For over 30 years.
Call us at 1-800-731-2441
www.heathco.com
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