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Cash Register

Cash Register

In the UK shoppers will talk about going to the 'till' to pay for their purchases. But anyone from outside the UK hearing that expression will be a little mystified. But all becomes clear when they realise that 'till' means cash register!

So why do the British use the term "till" instead of "cash register?" Well, that is a bit of a bit of a mystery to the British themselves. One explanation could be that the tern till refers to the sections in a box or holding container where items are kept separate from another. So, because the draw of a cash register has several compartments for separating different notes and coins the word 'Till' became common usage in the UK.

Stores and businesses use cash registers to perform the dual actions of recording purchases and issuing receipts. But it is interesting to note that the cash register was actually invented as anti-theft device by a fed up bar owner in the United States.

James Ritter was the owner of a saloon in Ohio and came up with the idea of a cash register as a way to stop his employees helping themselves to the takings. In 1879 Ritter produced his first cash register and filed a patent to protect his invention in 1883 along with his brother, John.

Apparently Ritter based his invention on a device used on steam ships to count the number of revolutions made by the propeller. But, the inventor can't have been too proud of his invention as he quickly sold his new cash register company. Within a year the company was sold on yet again to be acquired by the National Cash Register Company ? better known as NCR ? who now turn over billions of dollars annually.

And it was the National Cash Register Company (NCRC) that took Ritters basic invention and refined it to include the standard components we are used to seeing today. By the late 1800's the cash register was able to record all transactions and issue receipts following the addition of a paper roll. This obviously became known as producing a receipt.

The next major advance in the evolution of the cash register came in 1906 when Charles Kettering developed a machine that was powered by a small motor. This led to huge developments for NCRC and by 1911 their workforce had mushroomed to over 6,000. Interestingly Charles Kettering left NCRC and eventually founded a company which eventually evolved in General Motors. Clearly the early pioneers of the cash register possessed the entrepreneurial spirit in abundance!

Whether the machine is referred to as a cash register or a till; it is doubtful that James Ritter foresaw the impact his machine would make when he invented the cash register way back in 1879.

About the Author:

Hull Cash Registers supply cash registers, till rolls, ink ribbons, pricing guns and shop equipment throughout the UK. Visit their website for a free EPOS buyers guide

Article Source: ArticlesBase.com - Looking Back At Cash Registers

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Who could ever imagine the sales volume that the corner dollar store can achieve. For most store owners it is a pleasant surprise how a little marketing leads to higher sales levels. With your ever-increasing sales comes the responsibility to properly manage that checkout area of your store. There will be a tendency for clutter and merchandise that was not purchased to build up. There will also be an unacceptably high buildup of cash in your registers. Since the clutter buildup is very visible, most of your employees will work to make sure it is addressed. Merchandise will be returned to its rightful location, trash will be disposed of, and other items will be taken care of appropriately. But what about all the money in the cash registers? How is that best handled? Certainly it is not to leave it in the cash register until store closing. In this article I present cash register management is critical when you own a dollar store.

If you own a dollar store there is a need to make sure you have sound money handling practices. Customers must receive the correct change each and every time. Cashiers must have only controlled access to the money inside their registers. All other employees must never be able to access a cash register. As cash builds up, it must be managed.

The greatest risk associated with allowing huge sums of cash to build up in your store cash registers is theft. A cash register overflowing with bills is like a flashing neon sign advertising it’s the right time for a robbery. An overflowing cash register is also a signal to a few employees that the time is right for taking just a little money. After all; you have so much and they work so hard. Huge sums of cash will also make some employees very nervous. That nervousness can easily equate to cash register errors which is the last thing you want when you own a dollar store.

Never allow excessive amounts of cash to build up in the cash registers of your store. Since this will become a daily problem, schedule periodic money pick-ups from all registers. Most banks are willing to provide extra cash bags for their higher volume customers. Use an empty cash bag to collect all cash bills in denominations of $20 and higher. Pick up credit card receipts and checks at the same time. Also pick up excess change from each cash register. Dedicate a different cash bag for each cash register and keep the cash separated to allow accurate balancing of each register at the end of the day.

If you own a dollar store one of the investments you’ll need to make is a high quality safe. Have the safe bolted to a concrete floor. Immediately lock all the cash bags into that safe. Match appropriate bags end of shift money for each cash register to complete the daily books following closure for that day. As sales continue to grow add a second cash pick-up to the process. Add even more pick-ups if required during the holiday season.

To your success when you own a dollar store!

About the Author:

Find out more about owning your own dollar store.

Article Source: ArticlesBase.com - Cash Register Management is Critical When you Own a Dollar Store

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