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Submitted by: Ritz Agarwal
Cash represents the liquid most assets the company owns and therefore its handling forms an important part of the internal control. The companies who deal directly with customers such as the cashiers need to implement on-site cash management techniques. Cash drawer is one such tool that provides a fundamental safeguard for on-site cash. These drawers are highly safe from security purposes, as they inbuilt a password code limiting the cash drawer opening.
Various leading companies in Australia are manufacturing cash drawers in different ranges and features. These drawers are available either flip top or standard ones with basic features. Some of them are described as follows:
Goodson Company manufactures high quality steel flip top drawers with stainless steel lid which makes them durable enough. The drawer comes with front key opening and locks along with internal steel lockable lid for extra security reasons. 8 coin cups and 5 vertical note holder is high in demand because of its storage capacity.
Prosiflex add a few more features along with space and protection, i.e. tamper resistant and screwless. Another distinguishing specification provided by this brand is the cushion drawer slams that protect the system. The chassis is durable because of the metal construction and are cheaper I cost as compared to others. In terms of security they provide with 3 pointer lock system. The removable tray attached in making it highly flexible and can be used according to the need of the hour. Prosiflex models include CR-3100 and CR-6000 series.
Nexa series drawers: It is amongst the best value drawer in the Australian market with metal note clips, 3 position lock system, media slots and also warranty of 2 years.
Casio steel drawers have front key opening and lock with 5 note and 9 coin section which is adjustable as per the requirement. The nylon and steel bar rollers makes them easy to move in and out of the lid.
SAM4S drawers also provides with all such features with rugged designs and heavy metallic duty. The high quality and low cost of hospitality is maintained by them.
Thus, generally businesses, houses with high cash management must choose the best amongst all because maintain cash standards are very crucial. So it is the duty of the management not to let go this important decision rather be vigilant with the security of the most liquid asset of the company. Price will be worth when it comes to cash management.
Thus, generally businesses, houses with high cash management must choose the best amongst all because maintain cash standards are very crucial. So it is the duty of the management not to let go this important decision rather be vigilant with the security of the most liquid asset of the company. Price will be worth when it comes to cash management.
Cash drawer is used in keeping cash from transaction of products sale. It is a compartment underneath a cash register (a mechanical or electronically devices used for calculations of product sales transaction). The drawer typically contains a plastic or wooden tray removable till.
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