What Constitutes a Blind Cash Count?
A Blind Cash Count is a cash handling technique employed in retail and restaurant settings where staff tally the cash in a register without viewing the anticipated total displayed in the system. The team member notes the counted total initially, and subsequently, the POS system contrasts it with the logged sales for that shift.
This process helps businesses in minimizing mistakes, avoiding cash handling errors, and identifying potential discrepancies or theft. Since employees are unaware of the anticipated total in advance, the count is deemed more precise and clear.
End-of-shift or end-of-day blind cash counts are regularly conducted to verify that the cash drawer aligns with the transactions logged in the POS system.
5 Advantages of Blind Cash Count
Here are the main advantages of blind cash count
- It minimizes cash counting mistakes because employees are unable to see what the expected value is.
- Staff will not have the ability to alter cash amounts so that the amount in the system matches the amount counted.
- Each cashier will be held accountable for counting their own cash drawer.
- Discrepancies can be identified more quickly.
- Cash controls will be strengthened with more transparent cash management to improve the overall cash management system.