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You have to agree that the days of the salesperson behind the counter writing down the product sold and the price in a notepad are long gone. The requirement for precise bookkeeping, a complete understanding of the company’s operations, the products supplied, and the sums of money acquired is vital. Using a Cash Drawer has numerous advantages since it allows for a more exact and precise means of conducting business.
What Is A Cash Drawer?
A Cash Drawer is a vital business tool that is often overlooked as one of the transforming mechanizations of the industrial age. Today Cash Drawer has a broader application. It records the amount of a sale, issues a receipt to the customer, and keeps a permanent record of day-to-day transactions. It is a machine that totals the amount of sales transactions, makes a permanent and cumulative record of them, and has a cash drawer in which cash is kept.
A Cash Drawer is actually a compartment underneath a cash register in which the cash from transactions is kept. In most cases, the Cash Drawer can be opened only after a sale, except for when special keys are used, which only owners and senior employees have. This minimizes the risk of employees stealing by not recording a sale and keeping the money with themselves.
Today, they are highly automatic and comprise many functions that assist in the organized running of all types of industries, such as stores, restaurants, and other businesses. POS terminal is a complex Cash Drawer system that can be used to keep track of inventory and signal distant computers to reorder supplies. More conventional registers used by smaller establishments are generally one-piece machines that include a built-in cash drawer, a printer, and a display.
Common Types of Cash Drawers
Manual Cash Drawer
This is best described as an enhanced box with a key. If money is short and you are the only person who has access to the drawer, this is a low-cost and secure solution. When you unlock the drawer for business, the key will lock it & a mechanical push-button will open it. The push button will not work if the drawer is locked. Sometimes the simplest approach is the best.
Printer Driven Cash Drawer
These are the most common automatic options. They operate by plugging into your receipt printer and telling it when to open. The printer waits for your point-of-sale POS application to print a receipt, and the drawer opens if you signal the printer that the transaction is cash. These drawers also necessitate the use of cables.
USB Cash Drawer
This appears to be a straightforward solution, but there is more to it than meets the eye. If your point of sale terminal has an extra USB port, make sure your program can connect with the cash drawer (which, regrettably, many do not). Most POS terminals communicate with a receipt printer, which subsequently communicates with the cash drawer. Before purchasing a USB-powered drawer, ensure that it is supported by your point-of-sale application vendor. USB drawers will also require additional electronics to connect with point-of-sale systems, which will result in a modest cost rise.
Serial (RS232) Cash Drawer
RS232 is a serial communication technology that is commonly powered by a 9-pin serial connection to your computer. Most off-the-shelf PCs no longer include a serial port; however, dedicated point-of-sale terminals typically include this function as standard.
A wide range of efficient Cash Drawers such as multi-drawer, touch screen, two drawers, etc., are available in the market offered by giant manufacturers, namely STAR MICRONICS, Casio, Sharp, APG, and many others. Speedy, quiet, and high-performance electronic Cash Drawers improve the daily business at a low cost. They include extraordinary features such as scanning functions and PC communication. Call our experts today for more information!