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How much money you lose by counting money and depositing it into a bank?
by Jataman606 4y ago
How much money you lose by counting money and depositing it into a bank?
- mikhael28 4y agoIt takes time to do those things. Time is money. It takes time to reconcile in a double entry accounting system the cash you received in business operations. Software does it automatically.
- akvadrako 4y agoThat depends on many factors of course, but I've seen it ballparked around 2-4%. You need safes, cash registers, insurance, etc. But credit cards in the US are also like 3% and come with additional risks.
- nicbou 4y agoWhere I live there is also a bank fee for dealing with large amounts of cash.