Cash Handling Expense Calculator

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Step #1

Time Related Tasks

Monthly Tasks


xx.xx hrs
Order Float
Receive float

Monthly Total (hrs)

Weekly Tasks


xx.xx hrs
Replenish
Prepare CIT Pickup

Weekly Total (hrs)

x4

Monthly Total (hrs)

Daily Tasks


xx.xx mins
Total number of POS in one retail location
Prepare float
Store reconciliation
Collection

Daily Total (mins)

x30

Monthly Total (hrs)

Shift Tasks


xx.xx mins
Total number of POS in one retail location
Total number of shifts per day
Get float
Open checkout
Pickup
Exchange
Close checkout
Reconciliation
Clear differences

Shifts Total (mins)

x30

Shift Tasks Monthly Total (hrs)

Transaction Tasks


xx secs
Total number of POS in one retail location
Number of transactions/POS/day
Receive/Insert payment
Man cash drawer
Remove/Pay change

Transactions Daily Total (sec)

x30

Transaction Tasks Monthly Total (hrs)

Time Related Costs


Currency type

Time related tasks TOTAL hours

Blended Hourly Rate (employee + manager hourly rate)

Time related tasks TOTAL cost

peekaboo

Step #2

Shrinkage

Currency type

Loss prevention (camera monitoring time) xx.xx hrs
Blended Hourly Rate (employee + manager hourly rate)
Loss prevention TOTAL cost
Counterfeit amount (monthly average)
Miscounting of cash amount (monthly average)
Employee theft amount (monthly average)

Shrinkage TOTAL cost


Step #3

Direct Costs

Currency type



Time to make one trip to the bank (xx.xx hrs)
Number of trips to the bank per month
Hourly Rate Manager/Accountant hourly rate
CIT services cost (monthly fee)

Direct TOTAL costs


Step #4

Total

Currency type

TOTAL costs of cash handling


Compare with costs while utilizing cash automation solution


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