Cash Handling

Written by Samuel Wong
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The basis for all businesses remains the same. Make money. Once you have done the hard part of collecting and working for the money, the next step is to count and organize that hard earned cash to deposit or better yet, spend! This is where this article will come in handy. We will focus on the use of cash handling machines that make the task of counting and sorting your money easier and more effective than ever.

Bill counters are the cornerstone of a good cash handling plan. Bill counters remove the need to have additional contact with currency, therefore reducing the risk of transmission of a variety of infectious bodies. Bill counters are also invaluable when it comes to the accurate, efficient and reliable counting of your bills. Many loss prevention conscious companies choose to invest an additional 20-30% to the initial cost of a bill counter to incorporate counterfeit bill detectors. There are also additional features such as bundling, rolling and sorting that can be found in bill counting machines.

Cash Handling Basics for Small Business

The second and most valuable requirement for a good cash handling plan is to have a counterfeit detector. These detectors range from a simple pen that detects the authenticity of a bill's paper to the advanced machines that use magnetic technologies to locate and verify the presence of magnetic, color-shifting inks. These detectors protect businesses every year from thousands of cases of fraud.

Many businesses focus solely on gathering money without giving thought to the aspect of efficiency of tallying and verification that the money they are collecting is authentic. Oftentimes, small businesses do not have a cash handling plan at all. It is imperative that companies employ even the lowest-tech cash handling plans to protect their businesses.

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