06 Apr Tips for Handling Money on the Job
Posted at 12:35h in Commercial Lines Blog 0 Comments
Having cash on hand creates a significant risk for any business, and it is important for you to understand how to safely handle the cash that you are responsible for.
When using Cash Drawers:
- Open it only when making a transaction
- Close the draw before you package any merchandise the customer may have purchased.
- Leave the bills the customer gave you on top of the drawer until after making the change to keep a record of what the customer paid.
- Never leave an open cash drawer unattended for any length of time.
- Notify your supervisor when you build up excess change in your drawer so it can be moved.
- Never count cash drawers in front of customers. Always count the contents in a secure, private area.
- Always lock the cash drawer and remove the key when it is not in use.
- If the premises will be unattended overnight, empty the cash drawer and leave it open to deter damage in the event of a break-in.
There may be a time when you will have to bring cash to the bank on behalf of the business.
Remember these things while removing cash:
- Never establish a routine for deposits. Vary the time and the route you take as much as possible.
- Always try to take someone with you.
- Alert someone that you are leaving with a deposit and also tell them when you should be returning.
- Transport cash in something that doesn’t draw attention to you. If you are using a bank bag or similar container, always put it in something unidentifiable.
- Do not use public transportation.
- If taking a taxi, use a reputable company, and always call for it by phone instead of flagging one down once you have reached the street.
- If walking choose busy streets that will keep you close to people.
- Do not make other stops before the deposit.
Even when employees take all the proper precautions, there is still a chance for a robbery. If such robbery occurs while you are at work, remember:
- Try to remain s calm as possible.
- Comply with the robber’s instructions.
- Give them any money or goods that they ask for,
- Make mental notes about the robber’s appearance so you can inform the police.
- Never attempt to physically stop an armed robber.
- Remember that no amount of money is worth a life.