Convenience Store Decisions Community » Ask the Experts

1. jimt
   Member

   I am looking for any resources on cash management in convenience stores.

   Posted 2 months ago #

2. uberclerk
   Member

   The Uberclerk wants to know what you mean by "resources" in this query. Do you mean text books, or advice, or products, or something completely different?
   And what facet of cash management is troubling you? Are you talking about drawer control, or change fund amount, or shift-to-shift reconciliation, or (again)do you mean something completely different?
   The Uberclerk is working on a particularly vexing cash management issue herself and has given the matter much thought and copious research that she would be happy to share with you.

   Posted 2 months ago #

3. jimt
   Member

   I suppose books or advice. Our biggest issue currently is drawer control. We have a small convenience store/deli with approximately 6 employees during our busiest time. I am looking for advice on how to best manage the drawer because so many are using it. We have begun starting at a set amount and counting at the end of the day but it seems to be difficult. I am thinking of programming more keys and wondering if this would help..for instance, specific instant lottery keys ($2, $5...) - this is also an issue as I think this is what is disappearing.
   So any advice or help or suggestions...we would appreciate.

   Posted 2 months ago #

4. pkinlough
   Member

   Visit www.csmoneysystems.com to see a demonstration of a product that can improve efficiency, accuracy, and loss prevention in drawer counts and deposits. This is a cost-effective solution and simple to implement.

   Posted 2 months ago #

5. TwoCents
   Member

   Assign only one person during each shift to the instant lottery sales. Keep the money generated from the lottery sales separate from the money generated from other sales. Do an inventory of your instant tickets at the start of the day. Then do another inventory of your tickets at the end of the day (or at the end of the shift of the cashier assigned to the instant tickets). Doing a beginning and ending inventories will tell you exactly how many tickets were sold and how much money should be in the lottery drawer.

   A store video camera might also be helpful.

   Also, it is extremely important that you assign only one employees per cash register. No one else should have access to that register until that employee counts the cash in the register.

   Posted 2 months ago #

6. jorgesousa
   Member

   hi, you can invest in a POS System it allows you to track all your inventory and time clock sign in for all your employess. give me a call and i can email you some information onthe Harbor Touch POS System. 1-888-345-2382 ext 318 jorge sousa.

   Posted 1 month ago #

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