![]() These practices not only protect you as a business owner, but also your staff by holding all parties accountable to what goes in and out of your register. ![]() Though you might have the utmost confidence and trust in your employees (perhaps even viewing them as family), it’s important for businesses that deal with cash transactions implement cash-handling procedures. Balancing your cash drawer ensures all of the profit your business brings in is accounted for and gives you a clear picture of where your business is financially. Mobile payment methods like Apple Pay are becoming increasingly popular and need to be accounted for as well. As a merchant, you need to be concerned with cash flow within your business, and balancing your cash drawer has to do with all kinds of payment methods including credit cards and checks.
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