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Anyone who has ever run a retail outfit or some kind
of venture that involves holding or collecting cash will tell you how nerve-wracking
it can be. Cash is a real tricky thing to hold as it can easily be stolen or
lost and simply disappear without a trace. And when the bulk of your income,
and therefore your profits, are tied up in cash, being robbed is an absolute
disaster. Unlike online transactions or credit cards where there is a very good
paper trail of what has been received, with cash there is no proof that the
money ever existed, and you are very unlikely to be paid out or compensated for
your loss. The question is, how do you ensure that there is no scope for any
cash to disappear? Here are a few thoughts and ideas.
Don’t move it yourself
If you regularly need to move large sums of cash, then it is best not to do it yourself. Potential robbers will quickly pick up on the fact that you regularly travel to the bank with large amounts of cash and they will target you. Rather look to make use of specialists who offer cash security services. These are firms with guards and armoured trucks whose primary business purpose is to move large amounts of money. They are insured and they have excellent security protocols in place. That means that from the time the cash leaves your premises to the time that it arrives at the bank, that it is safe and insured and not your responsibility to protect.
Be alert to the small losses
When talking about cash security the tendency is to focus on the big hits. The cash in transit heists and the major armed robberies. But that is not the only place where you stand to be robbed. Till point security and small amounts that are pilfered by your staff who handle the cash can also add up quickly. It is essential that the tills balance to the cent daily. If there are p… Read More
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