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Bill boss accountant reviews12/27/2023 To keep your books as accurate as possible, you should balance your till every day or after every shift. How often should you balance a cash drawer? That way, you have trusted employees working with your incoming cash versus multiple individuals.īusinesses that are typically responsible for balancing a cash drawer include: It’s best if you assign designated employees or managers to balance the cash drawer. Transactions not only include cash and checks, but also credit card payments and tips (if applicable). Your cash drawer, also called a register or till, stores cash, coins, checks, and other valuable items (e.g., coupons) at the point-of-sale (POS).Īt the end of each day, shift, or period, you must balance your cash drawer to account for all incoming transactions. What is a cash drawer?īefore you delve into how to balance a cash drawer, you need to learn a little background information about it. Read on to learn how to balance your cash drawer as well as tips and tricks to keep your drawer in shipshape. If you’re struggling to balance your cash drawer, you’re not alone. Just like brushing your teeth, you should also be balancing your cash register drawer daily. Balancing your cash drawer is an essential part of your business’s daily routine.
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