If your company accepts cash payments, you must balance the drawer every night at the end of the day. It enables the company owner to know the exact amount of income for the day and to monitor any potential inaccuracies. In this article, you will learn to understand the methods for counting money, which can then improve your daily count.
1. The Hand-pressed single-card counting technique
It is the most often-used way of counting cash. Here is how to do it in steps. Spread the money across the table, facing up; using your left ring finger and little thumb, push the top left corner of the bills; using your right thumb, hold up a portion of the bottom right corner of the bills; Twist the banknotes using the index finger, and with each twist, your left thumb is pushed upward to the left index finger and middle finger to grasp it, completing the counting process and then repeat the process.
2. The single-finger multi-card counting technique
When counting cash, the single-finger multi-count technique involves counting two or more banknotes with one finger at the very same time. The specific steps are to place a handful of money in your hand and then use your thumb to quickly flip two or more bills to count simultaneously. It is appropriate for those collecting payment and total counting of multiple coupons. It makes regular monitoring of cash simple and effective.
3. Using a weight-based money counter
You need to implement sorting money by denomination and then place one of the denomination bills on the weight-based money counter, and it will quickly tell you the number and total of these bills. The weight-based money counter saves time and reduces the risk of error compared to calculating the value of each bill by hand.
4. The fan-type counting technique
The fan-type counting method refers to twisting notes into a fan form for counting. However, only a few people even get to use this method as it requires one to have plenty of banknotes actually count the cash.
5. The multi-finger multi-card counting technique
When counting banknotes using the pinky, ring finger, middle finger, and index finger, twist a bill in turn and count four notes at a time, also known as the four-finger four-card counting technique. The truth is that there are many professionals who have been using this method for a long period. It is easy for them to recognize false money and pluck out ripped bills one at a time.
6. The two-finger counting technique
The first one is counted by placing the index finger on the upper right corner of the banknote. The first is pushed upwards using the index finger in the top right corner of the banknote. Then the second with the middle finger, and when it becomes two, the left thumb will be hooked upwards and put between the index and middle fingers of the left hand, and so on, until it gets done.
7. Buying a money counting machine
When you purchase a mixed money counter, you will no longer have to worry about how to count cash. The value counting machine automatically counts the number of bills counted and the actual amount. It displays the number and quantity of each denomination, which may be printed out via the printer. This significantly reduces the amount of time spent on coin counting and sorting.
By following these tips, you can count money fast and efficiently, saving time and reducing the risk of errors. Whether you are a business owner, bank teller, or simply handling a large amount of cash, choosing one of these methods can help you accurately and efficiently count and manage your money.