Cash, Cash$$$ $$$Cash,
an extra $200,000 lying around, my financial situation would look a little different. The same goes for our company! If we could get more of that $200,000 to the bank each month it would make things better!
So let’s review some of the basics when it comes to cash!
1. There should only be one person assigned to and working on a register.
2. Always count down the cash drawer at the start of your shift. Use the Quick Shift Change procedure so that you can quickly get back to making our customers happy.
3. Make sure to do a shift report at the end of each shift.
4. Make sure to do your drops and never have more than $300 in your drawer.
5. Make sure that you put your drops directly into the safe. Don’t leave them lying around.
There are not many days that go by that we don’t think about cash. Whether it’s daydreaming about winning the Mega Millions Jackpot or dreading writing the check for the car payment, we are all thinking about it.
We should also all be thinking about cash and cash control at our sites each day.
Cash is the
one item that we have complete control of on a daily basis. Our customers do not have access to our cash registers and our
safes if we are following all the procedures in place to safeguard company assets.
Unfortunately, our company loses thousands of dollars each month in cash at the site level. You might think that it is not that big of a deal that your site lost $150.00 last month. The problem is that when you have 1,137 of our sites losing an average of $150.00 to $200 per month, that adds up to around $200,000!!!
I don’t know about you, but if I had
6. Keep your drawer and your paperwork neat to avoid mistakes and losing important receipts.
7. Be alert and pay attention as you are helping our customers. Sometimes we make errors on the register and this can cause cash shortages.
If you have any tips you would like to share about how your site always stays on top of controlling cash, please email them to terra_ firstname.lastname@example.org
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