4 ms·
Add to the cost of handling cash: - dealing with fake notes, - mistakes in handling notes and change (mistaking a ten for a twenty, etc.) - theft from the st
by NeoTar 2y ago
Add to the cost of handling cash:
- dealing with fake notes,
- mistakes in handling notes and change (mistaking a ten for a twenty, etc.)
- theft from the store (not just mugging on the way to the safety deposit box)
- employee theft,
- reduced transaction capacity; cash transactions can take much longer (customers finding the cash, employee counting it, employee making can age)
- requirement to ‘cash up‘ at the end of the day (I.e. ensure the till takings match stock sold)
- occasional trips to the bank to get change (which must be during bank working hours)
For an independent guitar store some may not be relevant, but for some businesses they could be significant.
- deleted 2y ago[deleted]