Don’t count cash manually. You have been counting money manually for many years, so what has happened that you need to suddenly stop it manual money counting. The reason is, the manual counting of cash has many disadvantages. Some of them you will read about here in the post.
Mistakes in Counting
The more cash you count, the more chances there are for errors. Sometimes, two or more bills will stick to one another in such a way that most people count them as one. Even in recounting, the problem may not always be detected. Such mistakes may result in a financial loss to your business when you are counting bills to give to somebody else. Not counting money correctly can result in customers not trusting you and avoiding your business because of that fact.
Waste of Time
To be sure you have counted the notes correctly, you count them at least twice and if the counts don’t match, then you have to count them again and again to become sure the count is correct. So, every transaction can take a couple of minutes. The situation becomes worse when you have many people lined up and waiting for their turn. Nothing upsets somebody more than standing in a queue and seeing the queue moving slowly. It can make anyone angry and impatient. So, many people just leave.
Counterfeit Notes
Constructive people make technological advancements and then use them for the betterment of humans. Bad people misuse technological advancements for their own benefits and make these technological advancements a burden on society. For example, bad people use technological advancements to create counterfeit notes. They create such quality counterfeit notes, that most people fail to identify them. Accepting counterfeit bank notes will harm your bottom line. Even worse, giving it to somebody can cause actual legal trouble with the police if the issue is reported.
Now that you know why we have discouraged you from counting cash manually, you might be wondering, how else you can count your cash. The most straight forward answer is, use a cash counting machine. The machine will count almost one thousand notes in a minute accurately and identify all counterfeit notes immediately with the help of sensors installed in it.
