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Cashier balancing [1] or cashing up is the process of a cashier counting the money in a cash register at the end of a business day or working shift. The process is usually conducted in businesses such as grocery stores, restaurants and banks, and makes the cashier responsible for the money in their cash register.
A cashier may be required to know value and features of items for which money is received; may cash checks; may give cash refunds or issue credit memorandums to customers for returned merchandise; and may operate ticket-dispensing machines and the like. In one form or another, cashiers have been around for thousands of years.
The earliest type was a two-piece hollow wooden ball which ran along sloping rails, carrying cash and sales docket or receipt. [2] One set of rails sloped down from sales desk to cash office and another set sloped in the opposite direction. This was known as a cash railway. William Stickney Lamson of Lowell, Massachusetts patented this system ...
A bank teller (often abbreviated to simply teller) is an employee of a bank whose responsibilities include the handling of customer cash and negotiable instruments. In some places, this employee is known as a cashier or customer representative. [1] Tellers also deal with routine customer service at a branch.
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National cash register from the end of the 19th century, National History Museum, Sofia. A cash register, sometimes called a till or automated money handling system, is a mechanical or electronic device for registering and calculating transactions at a point of sale. It is usually attached to a drawer for storing cash and other valuables.
NCR Corporation model of self-service checkouts and fast-lane at a Sainsbury's store NCR Corporation model of self-service checkout at an IKEA store. Self-checkouts (SCOs), also known as assisted checkouts (ACOs) or self-service checkouts, are machines that allow customers to complete their own transaction with a retailer without using a staffed checkout.
Experience has shown one manager a way to determine the economical size of lots." [18] Harris described his theory as "reasonably correct", although "not rigorously accurate". [18] His paper inspired a large body of mathematical literature focusing on the problem of production planning and inventory control. [citation needed]