A cashier’s tray is one of the most essential tools for businesses that handle money. It can be used in many different industries and settings, from retail stores to restaurants, banks, gas stations, and more. The cashier’s tray provides an efficient way to manage money transactions, ensuring accuracy when counting out change and providing an easy system for storing bills and coins. Whether you’re just starting your business or looking for ways to streamline operations, learning how to use a cashier’s tray correctly is essential.
Organize Bills and Coins
The first step in using a cashier’s tray effectively is organizing it so that bills and coins are easily accessible. Cashiers should keep all denominations of bills on the top of the tray, organized by size, with larger bills on the left side. On the right side of the tray should be two compartments for coins – one each for pennies, nickels, dimes, quarters, half-dollars and dollar coins. All bills should face in the same direction with their denomination visible so they can quickly be identified when making change.
Counting Out Change
Once everything is properly organized in the cashier’s tray, it can be used to accurately count out change during transactions. This typically involves starting at the highest denomination bill available in the drawer – usually $20 – then working down until you reach the exact amount due from the customer (minus any taxes). For example: if a customer owes $18 after taxes have been calculated then start off by giving them one $10 bill followed by two $5 bills plus three single dollars or four quarters/dimes/nickels/pennies (whichever combination adds up to 18). Having well-organized currency inside your cash register makes this process much faster and easier than manually counting out every bill or coin individually!
Identifying Counterfeit Currency
Another important reason businesses should use a cashier’s tray is that it helps identify counterfeit currency quickly by allowing employees to inspect multiple notes at once without taking them out of circulation. Most modern trays also feature UV lights illuminating hidden markings on each note that are only visible under certain wavelengths; this allows trained personnel to check whether or not they are dealing with authentic currency before accepting it as payment from customers.
Use Till Seals & Endorsements
To further increase security against theft or fraud when handling money at the point of sale (POS), businesses should consider using till seals or endorsements wherever possible. Till seals are hat-shaped plastic tokens that fit over folded banknotes, helping to prevent anyone tampering with notes in your till, while also indicating whether or not someone has already checked them for authenticity. Endorsements involve writing specific information such as date, time stamp, employee ID number etc. onto notes before they are put into circulation; this information acts as proof that funds were accepted from customers at a particular point in time – helping to deter fraudulent activity even further!
Security cameras & alarms
In addition to using till seals & endorsements where appropriate, businesses may wish to install security cameras near tills as a further safeguard against theft or fraud when using tills during opening hours. CCTV systems can help catch perpetrators red-handed if anything goes wrong during transactions – and they also give shop owners peace of mind that their staff are safe when working behind closed doors! Finally, don’t forget to install silent alarms around POS terminals; these can alert nearby police officers if someone tries to open drawers containing large amounts of physical currency without authorization!
Conclusion
Efficient use of a cash drawer will make everyday tasks such as counting change faster and more accurate than ever before – ultimately saving time and money for businesses everywhere! Furthermore, investing in additional security measures such as till seals, video surveillance and alarm systems will also ensure maximum protection against theft or fraud – creating an environment where customers feel comfortable spending their hard-earned money in any industry or location!
