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A currency-counting machine is a machine that counts money—either stacks of banknotes or loose collections of coins. Counters may be purely mechanical or use electronic components. The machines typically provide a total count of all money, or count off specific batch sizes for wrapping and storage.
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.
Banknote processing is an automated process to check the security (or authenticity) features and the fitness of banknotes in circulation, to count and sort them by denomination and to balance deposits. This processing of currency is performed by security printing companies, central banks, financial institutions and cash-in-transit (CiT) companies
Count rooms are operated by central banks and casinos, as well as some large banks and armored car companies that transport currency. [1] A count room may be divided into two separate areas, one for counting banknotes (sometimes referred to as soft count) and one for counting coins (sometimes referred to as hard count). Some high-volume cash ...
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Counting is usually done by accounting professionals called soft counters, usually using computer spreadsheets. Typically, a soft count room contains a large "count table" upon which the currency is placed. Count room personnel manually organize the currency so that it can be easily counted by hand or by a counting machine.
It is also the most common variation of the coin change problem, a general case of partition in which, given the available denominations of an infinite set of coins, the objective is to find out the number of possible ways of making a change for a specific amount of money, without considering the order of the coins.
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