Name of Feature/Request: Cash Drawer Integration in Striven
What financial, time savings, or quality of life improvements will occur from this: To have a Cash Drawer integration in Striven | Frequency: Daily | Having a set cash drawer is a better accounting practice when you need checks and balances on cash coming into the company. While some cash transactions are small, it is not uncommon for us to receive thousands of dollars in cash. Not having a cash drawer creates a security risk.The old system required counting the money in the cash drawer every morning and every night. This process established a check and balance on the cash entering the company, created a paper trail, and held individuals accountable if cash ever went missing. A cash drawer serves a different purpose from a POS system. While a POS system might be useful for some sales, the need for a cash drawer far outweighs the need for a POS system in our industry.In the old software, selecting a payment type, such as cash, would automatically record the transaction in the cash drawer. At the end of the day, we could track all cash transactions, ensuring that the cash drawer always opened and closed with $200. For example, if a customer paid $1,050 in cash, we could track the cash flow from the drawer to the safe, and eventually to the bank deposit. This system provided clarity, accountability, and security for cash transactions.Having a cash drawer also provides significant security benefits. It reduces the risk of theft or loss by limiting cash exposure and tracking discrepancies. Additionally, the cash drawer simplifies daily reconciliation processes and supports audits by providing an accurate and detailed record of cash flow. This ensures that any anomalies can be quickly identified and addressed.The system also reinforces employee accountability. By requiring employees to manage the cash drawer at the beginning and end of their shifts, it ensures proper cash handling and creates a clear chain of responsibility.To further enhance efficiency, integrating the cash drawer tracking with current systems like Striven could automate reports and streamline processes. This would make it even easier to maintain accurate records while reducing manual errors and saving time.
Attempted Solutions So Far: None Listed
Digging deep - Any additional Why behind this request / How was this accomplished before Striven in what system or software: Original Description: Having a set cash drawer is a better accounting practice when you need checks and balances on cash coming into the company. While some cash transactions are small, it is not uncommon for us to receive thousands of dollars in cash. Not having a cash drawer creates a security risk. | Previously accomplished: The old system (Evosus) required counting the money in the cash drawer every morning and every night. This process established a check and balance on the cash entering the company, created a paper trail, and held individuals accountable if cash ever went missing. A cash drawer serves a different purpose from a POS system. While a POS system might be useful for some sales, the need for a cash drawer far outweighs the need for a POS system in our industry.
StrivenID: 4833476