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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.
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.
Antique three-column full-keyboard cash register Old National Cash Register on display at the Museo de la Secretaría de Hacienda y Crédito Público in Mexico City. The company began as the National Manufacturing Company of Dayton, Ohio, and was established to manufacture and sell the first mechanical cash register invented in 1879 by James Ritty.
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed.At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment.
In a non-retail business, this would be a position of significant responsibility. With an ever-larger proportion of transactions being done using cash substitutes (such as checks , credit cards , and debit cards ), the amount of cash handled by such employees has declined, and this usage of the word "cashier" has been largely supplanted by the ...
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