Cash Drawers
Cash Drawer is a section under the Cash Register or Point of Sales Device (POS) that holds credit card receipts, cash from transactions, and other paperwork. The Drawer has a detachable Cash Tray used for storing cash. Cash Drawer is popularly used in retail activities, especially in the POS system.
You may be asking yourself what kind of cash drawer should you buy? There are a few important factors to take into considerations when deciding which cash drawer model will work best for your point of sale needs. These factors include cash drawer construction, interface design, locking functionality, media slots, and cash tray design. In Kenya you can get different categories of cash drawer including: Manual Cash Drawer, Printer Driven Cash Drawer, USB Cash Drawer, and Serial (RS232) Cash Drawer.
It is important to limit the number of people responsible for each cash drawer is always ideal. The more people that have access to a drawer or even a drawer key at any given time, spreads accountability thin for the contents of that drawer.
There are several benefits that retail businesses may gain from implementing Cash Drawer into transactions, such as:
- Increasing cash accountability: If Cashiers open cash drawers without reasonable purposes, the system will immediately notice and report on it.
- Reducing risks of money fraud: Since the cash drawers will only open for business purposes, no one can easily break into them.
- Managing cash flow: Retailers with a high-volume sales system can integrate cash drawers to track the amount of money in every single real-time transaction.
In conclusion, a cash drawer will enable you to store checks, cash, coins, stamps, and other valuable items, and also provide crucial security and organization for your point of sale, POS, system. In a typical point of sale system setup, the receipt printer sends a signal to the cash drawer, triggering it to open only when needed.
