Using Old-School Cash Registers? Here's How A Point Of Sale System Can Prevent Employee Theft

6 August 2015
 Categories: Business, Blog

If you run a small business, you might think that using traditional cash registers and a basic system is just fine. Although keeping things simple might seem like a good idea for a smaller business, however, not having a more modern system can put you and your company at a greater risk of being stolen from by your employees. Employee theft is surprisingly common, and to help prevent it, it's a good idea to install a modern point of sale system. These are some of the reasons why one of these systems can help prevent your employees from stealing from you and your business.       

Keep Better Track of Inventory

First and foremost, it can be tough to keep track of your inventory if you do not have a point of sale system in place. There's a good chance that you aren't marking off your inventory every time that you use your traditional cash register to ring up a sale, which means that you probably don't know how much of each thing you are supposed to have in stock. Unfortunately, your employees can pick up on this and take advantage of it by stealing your inventory, and there is a good chance that you'll never catch it. A point of sale system, however, will help keep track of exactly how many items you have sold and how many items you should still have, which can help you catch on to this type of theft.

Hold Cashiers Accountable for Their Actions

With a point of sale system, you can set it up so that each cashier has an account or "number" the is tracked when he or she uses the cash register. By requiring employees to enter this information before every sale, you will be able to keep track of who did what while on the cash register. This can help you look out for things like excessive voids or opening the cash register too frequently. Also, employees who know that their transactions are being tracked will often be deterred from committing employee theft in the first place.

Link Your Point of Sale With Your Security Cameras

There is software out there now that allows you to link your point of sale machine with your security cameras. This device will show what is being rung up on the security camera footage so that you can ensure that it matches what is on the tape. This can help you catch individuals who aren't ringing up customers properly and are pocketing the profits.

Using a traditional cash register can put your company at great risk of employee theft. These are just some of the reasons why you should switch to a modern point of sale device (such as those provided by Schmaus Cash Register Company) so that you can avoid getting stolen from.