Cash drawers are used to store and manage physical currency received from sales transactions.
Cash drawers are often integrated with point-of-sale (POS) systems for seamless transactions.
Cashiers are responsible for opening cash drawers at the beginning of their shifts and closing them at the end, reconciling the cash balance.
A cash drawer is a secure storage compartment typically found at the point of sale in businesses. It’s designed to hold cash, coins, and receipts during transactions. Constructed from durable materials like metal, it often features a lock and key for security. The drawer is divided into sections to organize different denominations of currency and coins for easy access. Cashiers open the drawer when processing sales and close it when the transaction is complete. It integrates with the point-of-sale system to record transactions accurately. Regular reconciliation ensures the cash balance matches transactions recorded in the system. Cash drawers are essential for managing cash transactions efficiently and securely. They contribute to accurate accounting and financial control within businesses. Proper training in cash handling procedures is crucial for employees who manage cash drawers.