A cash drawer is a vital piece of equipment for any organization that sells a product or service and handles money on a day-to-day basis. Cash drawers are usually located under a cash register and are used to collect money and provide change for customers. The drawer is divided into several compartments to easily hold bills and coins of different denominations.
Most modern cash drawers work in conjunction with the cash register. When a transaction is complete, the cashier can push a button to release the drawer. After he or she places money in the drawer and gives the customer their change, the drawer can be closed again to securely lock it.
Benefits Of Using A Cash Drawer
Cash drawers make it extremely easy to count money. In most sales establishments, money counting occurs at at least three different points throughout the day: when receiving cash from a customer, when returning change to a customer and when counting revenue at the end of the day. A cash drawer can make all three of these steps easier and more efficient.
With divided drawers, it is much easier to sort money as customers pay for items. This will make counting the money in the drawer later much easier. With these divided containers, cashiers can count and return change to customers very quickly and accurately. This makes the business that much more efficient. There will be less time wasted and the cash drawers will be more accurate because the counting throughout the day has been more accurate.
At the end of the day, most stores take their cash drawers from the counter and cash register to a back area where the money is counted and prepared for depositing into a bank account. This transfer, from one location of the store to another, is much safer with a cash drawer. Employees can easily take all the money from a cash register to a secure area, count the money accurately and then deposit it.
Cash drawers can be beneficial for individuals too. They can be used to safely store moderate amounts of emergency cash in a home. However, it is important to make sure the drawer itself is in a secure place, to prevent it from being stolen.
Cash Drawer Styles
Cash drawers can be divided into two separate categories: manual and electronic. Manual drawers may or may not work with a cash register. Some are made specifically to work with other equipment while others can stand alone to securely hold money.
Manual cash drawers are operated solely by the cashier. The cashier uses a button in the front of the drawer to open and close it and the drawer usually has a lock and key. They are very secure, but often take more time to operate. Transactions with this type of drawer may not be as quick and smooth as with an electronic drawer.
An electronic cash drawer works in cooperation with another piece of equipment, like a cash register or a receipt printer. It is programmed to open at certain points during the transaction and is then pushed closed by the cashier to secure it again. These drawers are very common and make a cashier’s work much easer. The cashier can work in step with the machine to accept money and return change without having to stop to open the drawer by hand.
Another option for cash drawers is how they open. Some drawers have a top that can be flipped open and others have a front-facing drawer that slides out. Of course, if the drawer is being used with a cash register, a flip-top model won’t work. Both types have their benefits and the decision of which kind opening mechanism the drawer has is partly a matter of opinion.
Cash Drawer Materials
Cash drawers are made of many different types of materials, but one thing they have in common is that they are all secure and tough enough to protect money from loss or robbery.
All the parts of cash drawers are made of tough materials like:
- ABS plastic
- Stainless steel
- Enamel finishes
Cash drawers are built with one purpose in mind: to protect money. They are designed to be hard to get into and tough to break. This makes it possible to keep cash, receipts and important papers safe and secure.