Imagine your business does 100 transactions with monetary currency per day (or don’t imagine it does, if yours happens to do exactly 100 every day, but keep reading anyway). If every transaction was short a dime, by the end of one year, your cash losses would total $3650–enough money to buy a coin counter that could suit you even if your business was on the Las Vegas Strip and still have enough left over to ride The Stratosphere 30 consecutive times (We strongly recommend you get the coin counter; we strongly recommend you don’t ride The Stratosphere 30 consecutive times).
Basically, every business needs two kinds of money counters: the human kind and the machine kind. Both have features that the other can’t mimic. The human kind calculates, researches and audits. The machine kind never adjusts its figures to benefit itself.
When dealing with pocket change, being wrong once is not a problem; being wrong once every half-hour, all day long–which can happen with the human kind, not the machine kind– is a very expensive problem. Coin counters are the best way for businesses to be exact, right down to the last penny. I’m not sure what the best way is to ensure exactness with the other kind of counter. Perhaps hire the one that’s the most like a machine… oops, I forgot we were talking about accountants–that could be a very difficult task.
- Semacon S-520 Coin Counter / Sorter Review
- Finally: A Cheap Coin Counting Machine, The ABC110 Coin Counter Sorter & Wrapper
- Ribao CS-10 Coin Counter Review
- Can my business benefit from a coin counter?
- Coin Counter Spotlight: The ABC440
This entry was posted on Friday, May 30th, 2008 at 5:26 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.