Archive for May, 2016
As the saying goes, “cash is king.” Nowhere is this more true than in the realm of businesses, small and large. Strong cash flow, or the difference in your company’s cash in versus cash out, is integral to any successful business. But improving that cash flow isn’t always easy. A large part of the challenge lies in currency itself and the inherent challenges handling it presents.
From counting to sorting to processing, the receipt of cash and cheque payments is time consuming and risky. Employees must spend valuable hours counting and re-counting and re-counting again any cash that comes in to ensure accuracy. Cheques must be verified, prepared for deposit, and taken to the bank. With every currency and cheque interaction there is the increased risk of fraud.
Money counterfeiting remains on
Does your business deal with a lot of cash? Do you allow your customers to pay with a cheque or check? If you can answer those questions in the affirmative, you may want co consider getting a cash recycler machine. There are a few ways having one will help improve your bottom line and make your business experience better.
How Using a Money Counter Can Help Your Business:
Using a currency counter machine will save you and your staff time. Everyone has heard the phrase, “time is money.” Having your staff count money by hand is an amazingly time consuming process. In the first place, it takes a long time for people
So you need to do an analysis of your business. Maybe you are interested in getting a business valuation report. Why do you need this? Many first time business owners are surprised when they first learn that the reasons for having a business appraisal valuation done actually impact the results they receive but they do. This is because, at the end of the day, the small business valuations are not absolute in nature. There is no exact science governing how they are calculated.
The business valuation report will contain information about the reasons for requesting that report and the circumstances that surround the request. These two variables contribute to the premise and standard of value.