Forgotten Point of Sale System Features - Cash In Drawer Limits

This feature has been around since I started in the cash register business some 25+ years ago. I haven’t heard POS salespeople talk about this for over a decade and if it isn’t being used in your business you are opening yourself up for theft and possibly armed robbery of your business.

All cash registers and point of sale systems track sales and tenders. They all know how much money, checks, gift cards, credit cards and other forms of payment are in each cash drawer/till.

Most cash registers and a few point of sale software companies have the ability to set a limit on how much cash should be in each cash drawer/till. When this limit is reached the cashier is notified and then can notify management to do a cash pull from the drawer. Some systems go as far as sending a message via pager/cell phone alerting management that a cash drawer/till is over the cash limit.

Management can then go to the drawer, pull out an amount of cash, count it and enter the amount removed as a cash pull. This amount is then removed from the cash in drawer amount and lowers the overall cashier responsibility.

Do not forget that every time the cash drawer/till is opened all the cash is exposed to view and to the temptation of everyone. Not only does the money become accessible to your cashier, it is also accessible to long-armed customers who have been known to reach across when the cashier was not looking.

What could be even worse is the fact that when the cash drawer/till is open potential robbers are able to estimate and determine if your operation is worth returning for a full-scale robbery.

Cashiers like this feature in that it reduces the amount of cash they are responsible for as the cash removed is deducted from their overall cash responsibility. Cashiers also like the fact that if there is less cash in the drawer they are less apt to have a gun shoved in their face during a robbery.

Owners like this feature in that it reduces the temptation to remove money from the cash drawer/till through employee theft or through robbery.

If you are an owner, wouldn’t you like keeping more of the money in your cash drawer/till for yourself? Wouldn’t you like to reduce the chance/temptation of an armed robbery? This old-time cash register feature now found in some point of sale systems could be the exact answer to your needs.

Check your current point of sale system to see if the cash in drawer feature is even offered. If you are looking at a new point of sale system you should make sure that the cash in drawer feature is offered.

Don’t let technology dazzle you to the point that you forget about the basics features that you need to stop theft and increase profits. Those features that have been around for decades are still valid today.

Cash in drawer limits were considered an important part of any cash register and point of sale system for many years. The reason for the feature and the need to keep your cash safe never went away. Stopping theft is still a critical aspect of any point of sale system. That being the case, why should you settle for anything less than your business needs? Don’t settle for less. Demand the cash in drawer feature.

Jerry D. Wilson has over 25 years of point of sale experience helping business owners stop employee theft and increase profits. Please visit DirecTouch POS and DirectRetail POS for more information on other features that are important to your point of sale needs.

Restaurant Employee Tip Tracking Through A Point Of Sale System

The History Of Restaurant Employee Tip Handling

No one knows when tipping began. But we do know that in the 1980's the IRS levied new regulations on restaurant owners to track the tips received by the employees of the restaurant.

The magic number of 8% became the benchmark for servers and waiters to declare as their tipped earned. Not because it was accurate. Rather, because it was the minimum amount allowed by the IRS.

The trick is this. Tipped employees in restaurants are generally not paid minimum wage. The amount varies from state to state but it runs between $2.15 to $3.15 per hour. The IRS assumes that the tips received will make up the difference between this low hourly amount and the true minimum wage that is currently $5.15 per hour. If this is not the case, then it is up to the restaurant owner to make up the difference between what the tipped employee earned + declared tips and minimum wage. This makes accurate tip declaration, tracking and reporting a vital aspect of running a restaurant.

The Need For Restaurant Employee Tip Handling

You need a employee time clock system that recognizes tipped employees, tracks their individual sales, any charge tips collected and requires them to declare cash tips at the end of their shift.

You also need a employee time clock system that can handle tip sharing, tip pooling and tip out to bus help, bartenders and other servers.

You need a employee time clock system that will track the hours worked and tips collected and recognize problems with employees not declaring enough tips to meet the minimum wage requirements.

The Solution Of Restaurant Employee Tip Handling

Some point of sale software products have tip tracking built into their time in attendance module. Once you set an employee as a tipped employee the system will require tip declaration prior to clock out.

Servers and waiters who ring sales will have their total sales tracked. Tips collected through credit card sales are tracked and shown on the server closeout report. Prior to clock out the server/waiter will be shown their total sales, the charge tips collected and then asked to declare their cash tips.

Some point of sale products do allow for programming flexibility with this feature:

You may change the minimum declaration from the default of 8%.
You may change the requirement to declare tips at clock out.
You may opt to have the system print a chit with their tips shown.
You may opt to not show charge tips on the declaration screen.

The Benefit Of Restaurant Employee Tip Handling To You

How do you measure the amount of relief a person can have knowing that your point of sale system is enforcing tip regulations levied by the IRS? Not to mention the mass amount of time savings in tracking declared tips, charge tips and hour worked for every tipped employee.

This is one headache you don't want to have to deal with. If you have tipped employees you need a good point of sale system with tip tracking and time and attendance.

Jerry D. Wilson is Director of Internet Sales for DirecTouch Restaurant Point of Sale. With over 25 years of hospitality point of sale experience, he has written several articles explaining the benefits of touch screen and retail point of sale software. Please visit DirecTouch Do It Yourself Restaurant Point of Sale or DirectRetail Do It Yourself Retail Point of Sale for more information

Increase Your Profits with a Point of Sale (POS) System

Whether you operate a chain of restaurants, a mom-and-pop convenience store, or a medium-sized retail shop, you are in business to make money. And, one of the most critical aspects to your profit and loss is your ability to track information… you need to know which products are making you money, what items need to be re-ordered, who your customers are, and so on. This is where today’s point of sale (POS) systems play such a valuable role.

In the not too distant past, retailers used mechanical cash registers to record sales onto a paper tape which then had to be manually transcribed into the company’s accounting ledger. Later, electronic versions of cash registers were introduced which allowed business owners to track more of the data pertaining to each transaction (for example, management was able to track all sales and refunds by each cashier). Today, cash registers have evolved into modern computer-based point of sale systems, which let you track more information than previously imaginable.

Some of the ways that a point of sale system can help you increase your profits include analyzing your product margin, tracking sales, increasing the accuracy of your pricing, and maintaining customer contact.

As a business owner, you know how important it is to keep a close watch on the margin of each product since you want to focus on selling the things that make you the greatest profit. A point of sale system can help you quickly identify your greatest money-makers and make decisions about how much of each item you want to stock. (If you have a limited storage area, it doesn’t make sense to fill it up with low-profit items).

A point of sale system also allows you to know, practically at the push of a button, how much cash you have in the till (and how much of it is profit!), the type and amount of each product sold that day, and how many items are still on the shelf. You can even set it up to automatically notify you when reaching the re-order point on any item.

With the advent of barcodes and barcode scanners, retailers now enjoy greater accuracy in the pricing of their products that ever before. If you need to increase the price of a “widget”, you simply make the change in your point of sale system and all widgets immediately reflect the new price. Plus, your cashier or sales clerk doesn’t have to guess what any product costs (which might cause you to lose money)… they just scan it and the correct price is automatically applied.

Marketing 101 tells us that an existing customer is worth a lot of money to a business owner because they are likely to buy from you again and again in the future (this is known as the “residual value”). Because of this, you should make selling to your existing customer base part of your marketing plan. A point of sale system lets you keep track of customer names, addresses, and purchase history… just imagine how you could use that information to generate more sales!

Hopefully by now it is clear that a point of sale system can help you track the information that is critical to your business success. This includes analyzing your margin, tracking each day’s sales, increasing the accuracy of your pricing, and maintaining contact with your customers. Armed with this information, you can make informed decisions and take actions that are sure to increase your profits.

Brian Cook is a freelance writer whose articles on point of sale (POS) systems have appeared on many websites. You can find more of these at http://www.pos-free-software.com

Hosted Point of Sale Applications

With Software as a Service becoming the motto of many of today?s large software companies it becomes obvious the power Internet Applications hold. Instead of selling a license to install software and risk a bad install software manufacturer?s can charge for access to the software online through a web browser. This provides so many benefits that I don?t think I can list them all.

*Hosted software is instantly updated to all users
*Has an install so easy you can just click a shortcut and you?re running
*Can provide guaranteed off-site data back up that was once only the luxury of super rich mega companies.

Those are just the icing on the cake. You can run a Hosted application on almost any platform. Suddenly Linux systems don?t require a specialized software install, just a web browser. The technical support required for a non-Microsoft operating system drops considerably. You also get the added advantage of easy access on handheld devices and mobile phones.

The easiest fastest way to create any tool for multiple platforms and not worry about technical support costs is to look for those companies making the leap to the next level of technology. Software companies that make Internet Based and Web Based applications are going to experience an explosion as the world moves to this advantage.

Many of the largest companies have already stated their support and intensions in this area. When looking for a software company to provide a point of sale system I look at how well it integrates into this model. Can the software be hosted on a single server and manage 100 locations? How easy is it to install on different platforms? Can I keep it backed up and updated quickly and easily? Will it lower my bottom line and increase my profits? Evaluate the arguments and you?ll see the advantages Hosted Applications can offer any size business.

The development costs for a Hosted Application are also significantly less. Instead of worrying about difficult installs for multiple operating systems (even Windows Apps have to be tested on Win98 and up) you can focus on writing towards the most currently accepted standards as determined by the W3C. Having only one standard to worry about removes the concern that different operating systems will require different installs and files. As long as you use a browser that follows the W3C guidelines, and the big ones do, then you?ve reduced development and testing time. This creates a better application that isn?t bloated with all the junk needed to make it run on a million different systems.

There may be some concern in using a Point of Sale system through the Internet, but SSL encryption and other security techniques are quite sound. Stealing information has been around long before technology and thieves will always pick away at the profits. The question is whether the risk is higher in using a Software tool that can be so easily accessed by not only your employees but by financial assassins that we all know are there. Security is an always will be a concern, but if your company is connected to the Internet in any way then any information on those networks is at just as much of a risk if not more of a risk than the information stored in a hosted application.

If your network is connected to the Internet then you?re already taking the same risks as someone using an Internet Hosted Application. Even systems on a closed WAN have their security risks. The benefits of using an Internet Hosted Point of Sale System far outweigh the risks. In business every dollar counts and when it comes to technology picking the right path can make a huge difference in your profits.

Please consider this article for publication in your newsletter or on your website. Permission is granted to reprint for free with author box and byline intact. Please send me a copy of your publication if you choose to include my article. TITLE: AUTHOR: Ed Duval URL: www.AndTechComputers.com

MAILTO: support@andtech2020.com

Author Box - ? Ed Duval (2006) Ed Duval is contract writer and software developer for www.AndTechComputers.com and Creator of the HotPotato Restaurant Point of Sale Software System. With over a decade of experience in software development he shares his unique insight on today's point of sale software systems.

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An organized enterprise does not exist in a vacuum. Rather, it is dependent on its external environment and is a part of larger systems such as the industry it belongs too, the economic system and society. Thus, the enterprise receives input, transforms it, and exports the outputs to the environment.

However, this simple model needs to be expanded and developed into a model of operational management that indicates how the various inputs are transformed through the managerial functions of planning, organizing, staffing, leading and controlling. Clearly, an open system model that includes interactions between the enterprise and its external environment must describe point of sale systems.

The input from the external environment may include people, capital and managerial skills, as well as technical knowledge and skills. In addition, various groups of people will make demands on the enterprise like employees wanting higher pay, more benefits and job security. On the other hand, consumers demand safe and reliable products at reasonable prices.

It is the task of managers to transform the inputs, in an effective and efficient manner, into outputs. Of course, the transformation process can be viewed from different perspectives. Thus, one can focus on such diverse enterprise functions as finance, production, personnel and marketing.

Communication plays a pivotal role in point of sale systems. First, it integrates the managerial functions. For example, the objectives set in planning are communicated, so that an appropriate organization structure can be devised. Communication is essential in the selection, appraisal and training of managers to fill the roles in this structure.

One should never forget that the customer is the reason for virtually all businesses. It is through point of sale systems that the needs of customers are identified, enabling a firm to provide products and services at a profit.

POS Software provides detailed information on POS Software, Free POS Software, Retail POS Software, POS Restaurant Software and more. POS Software is affiliated with Bar Code Printing Software