What Makes A Cash Drawer Tick As POS Software?

If you are a first-timer, you must ideally remember that a premium cash drawer serves the purpose of storing and organising cash, checks, coins, stamps, and other valuables in your point-of-sale system. The device essentially comes with a receipt printer that transmits a signal to the cash drawer- this acts as a trigger for the device to open only when needed.

Which Cash Drawer Should I Purchase?

It's essential to mention that the internet is stacked with various options for cash drawer solutions. However, you must realise that a handful of crucial aspects at play require consideration when determining the ideal cash drawer. These aspects essentially include the construction, interface design, media slots, locking feature, and cash tray design of the cash drawer machine.

Construction

Your best choice for a premium cash drawer must essentially include models built with robust steel. Choosing any heavy-duty cash drawers will ultimately guarantee you superior durability and security. Furthermore, you must realise that any cash drawer with a superior build can also benefit you with resistance against dings, dents, and tampering.

Interface Design

Once you have sorted out the constructional aspect of the device, you must then shift your attention to identifying the interface design for your cash drawer. This is where you must question yourself about your preferred way of opening a cash drawer. It is essential to mention that most cash drawers can be connected in three ways: printer-driven, serial-driven, or manually driven.

Most industry experts and regular users suggest a printer-driven cash drawer. This is fundamental since the cash drawer has a hard-wired connection with the receipt printer. You will see the cash drawer opening up only when the receipt printer signals.

Locking Functionality

If you are a first-time user, you must essentially realise that all premium or medium-built cash drawers come with locking mechanisms. They are primarily categorised according to their position possibilities. To put this simply, your cash drawer will cost you more if it comes with a superior locking system.

Media Slots

Furthermore, you must also realise that the cash drawers come with numerous media slots on the front- they are small apertures purposed for depositing coupons, checks, or credit card slips. The slots are typically installed right below the cash tray, where you don't need to open the drawer.

Cash Tray

Then again, it would be best to come across the cash tray (sometimes known as the "till") when using a cash drawer machine. The cash tray is essentially a plastic tray that slides into the cash drawer. The user can consider the tray for sorting bills, coins, and other types of currency. It's essential mentioning that the weight of the plastic, the number of divisions, and the position of the tray tend to vary slightly in most cash trays in a cash drawer.

Benefits of a Cash Drawer

There's no denying that not all businesses fundamentally require cash drawers. However, it's only essential to mention that the device provides valuable benefits for store owners. Here's a detailed breakdown of all benefits an efficient cash drawer can provide.

Cash Collected in One Location

It is undeniable that the most obvious benefit of using a cash drawer is its superior cash-collecting functionality. You must realise that cash payment is still very much in vogue worldwide despite the present generation seemingly shifting towards using credit cards. Your cash drawer will essentially help you to accept a payment, make changes, and precisely count the day's collections.

Your best choice for a cash drawer must essentially include designs that come with modified inserts with slots for different cash denominations, coins, and other items. This will ultimately make the process of providing change and tallying cash much easier for you.

Honesty / Prevents Theft

Looking from any looter's point of view, it's quite tempting to pocket a few bucks when there's an overwhelming amount of cash transactions happening over the counter. Still, cash drawers put a stop to such possibilities. Your cash drawer will be essentially linked with the POS system, thereby only opening when a sale is processed.

In simple terms, the system constantly keeps track of the money- everything from the cash that is presented, subtracting change, and the remaining money in the drawer is recorded throughout the runtime of the shop.

Security

When using a cash drawer for your business, your device is busy receiving cash deposits for payments throughout the day. Once the shop is closed, you can essentially gather the cash, tally the payment using the POS system, and then move the cash to a safe. However, you don't need to go through all that when you have a cash drawer for support. Moreover, you will also have a manual lock for the drawer to assure maximum security to prevent theft.

Storage

You may wonder if a cash drawer is suited to a business that primarily accepts credit cards for payments- the answer to this confusion is a resounding yes. You can use the device as a convenient container for storing credit card receipts, loyalty program invitations, expired coupons, and cards, among other things. Furthermore, you can use the cash drawer for storing the inserts that can later come in handy for organising paperwork.

Cash Tally

As mentioned already, the most dynamic cash drawer models come with complete POS system integration. To put it simply, any good system will assist you by calculating the exact amount of money that should ideally be in the drawer. You will receive an alert when there is an incorrect change recorded. Furthermore, you can also use the device to count specific denominations and keep track of currency in real time.

Final Thoughts

It only fits to admit that you must ideally err on the side of caution as a store owner and invest in high-quality cash drawer POS software. This will essentially benefit your employees who collect cash throughout the day- they need to keep the money in a secured system until it is transferred to the bank.

If you are looking for a reliable manufacturer for your potential cash drawer purchase, you must visit Aussie POS today. They have an extensive product catalog to help you get your ideal cash drawer option.