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Best Cash Trays 2018 – [Buyer’s Guide]Last Updated December 1, 2018
Best Cash Trays of 2018
I make the search easier for you, by reviewing the best cash trays on the market. Check them out and decide which one suits you the best to splurge upon. Now, let’s get to the gist of the matter: which are the best cash trays for the money? Whether you’re looking to upgrade your comfort, style, or accessibility, we have picks to fit a variety of needs and budgets.
Test Results and Ratings
№1 – Yescom Cash Registers Drawer Money Safe Storage Box 5 Coin Bill Tray Replacement for Point of Sales
Why did this cash trays win the first place?
I don’t know anything about other models from this brand, but I am fully satisfied with this product. I am very happy with the purchase. It is definitely worth its money. The product is top-notch! I really enjoy the design. It is compact, comfortable and reliable. And it looks amazing! The material is stylish, but it smells for the first couple of days.
№2 – Angel POS Manual Open Portable 16″ x 14″ Point of Sale/POS Cash Drawer Key-Lock Heavy Duty Cash Register w/Bill & Coin Till Trays
Why did this cash trays come in second place?
I really liked it. It is amazing in every aspect. It did even exceed my expectations for a bit, considering the affordable price. Seems that the material is good. It has a very beautiful color but I don’t really like the texture. I like this product. For such a low price, I didn’t even hope it to be any better. It’s decently made. The design quality is top notch and the color is nice.
№3 – Sparco Money Tray
Why did this cash trays take third place?
It doesn’t squeaks nor bents. Looks great in my apartment. A very convenient model. It is affordable and made of high-quality materials. It is inconvenient to use due to the size. I am going to get something different next time. I liked the design. We’ve been using it for 2 months and it still looks like brand new.
Cash Trays Buyer’s Guide
Control & Locked Open
The ‘Position Lock’ is the most common type found on a cash drawer. Also note that if you are buying multiple cash drawers you can have them keyed alike as an option. Cash drawers are sold keyed differently by default, so be sure to request the keyed alike option before you buy; this is normally a special order and can delay shipment by up to weeks.
How does the
Change bags / coins rolls need to be emptied in to the relevant cups so the amount can be reconciled and become part of the float value. There is no need to keep change bags / rolls unopened since there is no manual counting. While keeping bags / rolls packed is logical and enables a faster manual count, the
Can you remove the in-tray (insert) to secure the coins in the back office overnight?
How often does the
A weight tare (reset) should be performed when the POS application needs to reconcile a cashier float or a period of trade, and there is a discrepancy on account (sum of discrepancies for that period).
This is the best time to perform this process from a store operative/process point of view. We recommend that at least one reset is performed per day on any trading POS.
There is no need to reset a
There is no limit on the number of resets that can be performed by a store operative in a trading day, so if one is performed incorrectly, such as coin cups were left in during the reset for instance, then another reset can be performed again.
Coworker * Closing of cash drawer is performed jointly with both coworkers witnessing count and certifying deposit amount appearing on the Departmental / Sub Cashier Cash Collections Deposit Form. Coworker retains and secures the copy of Miscellaneous Receipts Form for ledger review purposes.
A Class TL-30 steel or better safe
Safes and receptacles with combination locks – combinations must be promptly changed whenever a employee with access to the safe combination no longer has cash handling responsibilities or leaves the employment of the department.
Amount paid does not exceed the amount due
Does not contain the notation “Payable/Paid in Full” or similar reference
For a check presented in-person by a UCSC student, do the following
For a check presented in-person by anyone other than a UCSC student, do the following:
Examine driver’s license or other valid identification verifying the following
Write the following information on the face of the check:
An endorsement stamp should look like the following. It can be ordered from most office supply stores (including on-line). It should also include a unique code that identifies each cash handler.
Failure to perform all the applicable steps described above will substantially increase the risk of non-payment
If your unit issues manual receipts, complete this section. Manual Receipt Totals (issued in sequential order), and dollar total.
If you had any voids, overrings or credit card collections, complete this section. 1st line is the total of all overrings/voids and the second line is the total for any credit card collections.
Total amount distributed in Section E is usually the same as Section D. Cash over or short is the difference between cash collected and the amount actually deposited to the Main Cashier. Provide a FOAPAL to be debited if there is a shortage or credited if there is an overage.
Important things to know
Always maintain the combination of currency and coin needed for effective operations.
Exchange change fund currency and coin for different denominations at the Campus Cashier’s Office.
Make regular deposits of cash receipts at the Campus Cashier’s office, retaining an amount equal to the change fund balance.
Submit the form to the Accounting Office.
The check may be cashed at any bank or at the Campus Cashier’s Office.
Petty cash may be maintained as currency and coin in a secure location, or in a bank account.
The check establishing the fund and replenishment checks may be cashed at any bank or at the Campus Cashier’s Office.
The fund custodian may establish a bank account in his or her name to administer the fund.
Submit the completed form to the Accounting Office.
For decreases: Prepare the excess cash for deposit at the Campus Cashier’s Office and complete a Departmental / Sub Cashier Cash Collections Deposit Form, available for purchase from the Bay Tree Bookstore. Pay particular attention to the following:
Accepted forms of electronic payment
UCSC Merchants accept the following four major credit cards:
This training focuses on the security features and policies implemented by the Payment Card Industry (PCI) Data Security Standard (DSS).
The PCI Procedures have been divided into sections by topic. It is critical that you read this information carefully and ask your supervisor for assistance if you require further information or clarification regarding your responsibilities.
The supervisor must ensure that each employee
Use unique passwords that can’t easily be guessed, and protect those passwords from being compromised.
Always physically secure files, and equipment before leaving the work area, i.e. do not leave credit card information unattended.
Secure laptop computers at all times: laptops must be with their assigned employee or locked up if the employee steps away.
Don’t keep sensitive information or your only copy of critical data on portable devices (laptops, CDs/floppies, memory sticks, PDAs, phones, etc.) unless they are properly protected.
Do not install unknown or unsolicited programs on computers.
Be safe on the internet. Do not provide personal or sensitive information (including passwords) to internet sites, surveys, or forms unless you are using a trusted, secure web page.
Doing it right at the point of sale
Whether you are experienced or new to the job, following these few basic card acceptance procedures will help you to do it right, the first time and every time. The illustration below provides an overview of the card acceptance steps that are to be followed at the point of sale. Each step is explained in greater detail in this section.
Card Transaction Procedures
On the back of every credit and debit card, is a magnetic stripe. The stripe contains the cardholder name, card account number, and expiration date, as well as special security information designed to help detect counterfeit cards. When the stripe is swiped through the terminal, this information is electronically read and relayed to the card issuer, who then uses it as crucial input for the authorization decision.
Most Point of Sale terminals (POS) also allow merchants to verify that the account number embossed on the front of the card is the same as the account number encoded on the card’s magnetic stripe. How you check the numbers depends on your POS terminal. In some cases, the magnetic stripe number is displayed on the terminal or printed on the sales receipt. In others, the terminal may be programmed to check the numbers electronically. In such instances, you may be prompted to enter the last four digits of the embossed account number, which will then be matched against the last four digits of the account number on the magnetic stripe.
Only the last four digits of the account or credit card number should be printed on a transaction receipt. If the numbers don’t match, you will receive a “No Match” message. In such instances, discreetly notify your supervisor who will decide whether or not it is necessary to make a Code call
In some instances, when a card is swiped, the terminal will not be able to read the magnetic stripe or perform an authorization. When this occurs, it usually results from one of three causes:
Note: Damage to the card may happen accidentally, but it may also be a sign that the card is counterfeit or has been altered.
Key-entered transactions are fully acceptable, but they are associated with higher fraud chargeback rates. In addition, when transactions are key-entered, the benefits associated with special security features—such as the expiration date and Card Verification Value (CVV2)—are not available.
This response indicates that the card issuer would like the card to be confiscated from the customer. However, UCSC Employees should not attempt to pick up credit cards, even when the card issuer requests this action, as this could potentially cause confrontation and safety issues.
The embossed account number on the front of the card does not match the account number encoded on the magnetic stripe. Swipe the card again and re-key the last four digits at the prompt. If a “No Match” response appears again, it means the card is counterfeit. Discreetly notify your supervisor that it is necessary to make a Code call.
When a transaction is approved, the Point of Sale (POS) terminal automatically prints a sales receipt. When a negative or alert message is received, the response is displayed on the POS terminal, and no sales receipt is printed. Whatever the message, continue to treat the customer courteously so as not to arouse alarm or suspicion.
At the point of sale
Of course, peculiar behavior should not be taken as automatic proof of criminal activity. Use common sense and appropriate caution when evaluating any customer behavior or other irregular situation that may occur during a transaction. You know what kind of behavior is normal for your particular place of business.
Minimize Key Entered Transactions
The best practices listed in this section will help keep key-entered transactions at acceptably low levels and should be incorporated into your daily operations, staff training and review sessions.
If your key-entered rates are greater than one percent per terminal or sales associate, investigate the situation and try to find out why. The following chart summarizes the most common reasons for high key-entry rates and provides possible solutions.
Check magnetic-stripe readers regularly to make sure they are working.
Merchant Web Site Requirements
The Payment Card Industry Standards require that certain content or features be included on your Web site. The following elements are intended to promote ease of use for online shoppers and reduce cardholder disputes and potential chargebacks.
Complete description of goods and services.Remember you have a global market, which increases opportunities for unintended misunderstandings or miscommunications. For example, if you sell electrical goods, be sure to state voltage requirements, which vary around the world.
UCSC Merchant Preparedness
Each UCSC Merchant location should maintain written procedures on the processing of credit card, debit card, and electronic payments. Those procedures need to include specific instructions on how and when to conduct Code calls, and how to respond to a security breach. Written procedures should be made available to all employees.
Where to get Help
Assistance with your cash handling questions can be directed to Emerson Murray, Campus Cash Control Coordinator, Campus Cashier’s Office. Assistance with your cash-related accounting questions can be directed to the Financial Accounting and Reporting Office. (831) 459-1926
As the scale shows, we believe that an ounce of prevention is more important than a pound of cure. This basic cash control information has been divided into eight topic areas to expedite your review and completion of the training material in multiple short sessions if that is your preference.
In addition, campus resources are listed to answer any questions you may have now or in the future related to cash handling. Completion of the entire training material will take approximately 30-60 minutes.
Money Makes the world go ‘Round’
If instruction, research and public service are the engine that make UCSC go, cash is the fuel that makes the engine run.
As our campus continues to grow, there will, most likely, be an increasing level of cashiering activities, resulting in a corresponding increase in the likelihood of an associated risk occurring.
Financial Affairs has taken a proactive role by providing education and this on-line training to all cashiers and cash handlers to strengthen controls and reduce the risks.
A Bit of History
Handling cash is a very sensitive activity at UCSC – and at any organization. Most of UCSC’s funding is either public money (state and federal funds) or donor contributions, making any loss very sensitive. Everyone needs cash, and some people will do anything to get it. Thefts of cash, at each of the UC campuses (except Merced, the newest campus) and even at the Office of the President (UCOP) have made headlines. Such thefts are not unique to UC; the same problem occurs in other colleges and universities as well as all other types of businesses.
Such headlines have an effect on the public’s perceptions about UC. Here are some of the entities who have a stake in the reputation of the University of California whose perceptions may be impacted by the headlines.
When proper financial controls are in place, thefts may be prevented or discovered early when the dollars involved are minor. This significantly lessens the chance that the loss will become widely known or result in a banner newspaper headline.
You can read more about the UCSF embezzlement in the San Francisco Chronicle archives.
Recording deposit to general ledger
Individual approving the Departmental / Sub- Cashier Cash Collections Deposit form to ensure the individual preparing a deposit is different than the individual handling cash; this individual may not handle or have access to cash.
Record Keeping Duties
Record keeping duties include all duties that result in the creation and maintenance of department records of revenue(s), expenditures and inventories. These may be paper records or records maintained in automated computer systems. The following are examples of record keeping functions or duties:
Posting (ONLY) charges or payments to an Accounts Receivable system
NOTE: One person should not process both charges and payments
Incompatible Record Keeping Duties
Record keeping duties include all duties that result in the creation and maintenance of department records of revenues, expenditures and inventories. These may be paper records or records maintained in automated computer systems.The following are examples of record keeping functions or duties:
Opening mail, endorsing checks, preparing cash transfers
The person performing these duties should not ring, process, post/validate transactions nor record sale transactions.
The person maintaining parking permit inventory records should not be responsible for point of sale transactions (i.e. selling parking permits).
Policy related to safe and alarm requirements uses general and undefined terms such as “on a daily basis” and “regularly on hand”. Many campus units have peak periods of to weeks duration up to times per year when the amount of money they take in is substantially higher than the norm at all other times during the year. Managers need to evaluate the risk inherent in these peak periods to determine which of the physical security requirements are cost effective for their unit. One alternative is to minimize the amount of cash stored overnight by making more than one deposit per day to the main cashier’s office.
It is best to open a safe in a way that prevents others from observing the combination. As much as is practical, a safe is to be locked between deposits. The safe’s combination is to be changed whenever someone who knows the combination leaves the employ of the unit. At a minimum, the safe’s combination should be changed at least annually. The change should be documented to show the date and reason for the change.
Especially in a main cashiering or sub-cashiering station, safety for both the employees and the cash is improved by having a second person present when the office is opened and again when it is closed for the day.
Critical Policy Activities
Custodians of Petty Cash and Change Funds are solely responsible for the funds entrusted to them. Therefore, the four critical policy activities for staff with these responsibilities differ from those of cashiers. The information below highlights the critical control activities related to petty cash and change funds.
Watch police officers on patrol, Loomis guards transporting cash, or a grocery clerk depositing cash to a safe. When working on high risk tasks, they always work in pairs. One person carries the cash and makes the deposit, the other monitors for safety and keeps the other partner in view.
Involving two people in a critical cash handling task is a special application of Separation of Duties called Dual Custody. At UCSC, whether you are depositing cash to a drop box, counting cash, or engaging in any such critical task, having two people engaged in that activity together is an important practice.
A few campus units receive a large volume of payments by mail rather than in person. Processing remittances present special risks, since the payer is not standing in front of you waiting for his/her receipt. Separation of duties requires that at least employees be involved in the processing of remittances.
In this situation, when a receipt is not mailed to the payer, the payment is recorded to the appropriate account. At the end of the day, the logged remittance amount must balance with the amount processed into either a cash register and/or an accounts receivable system. In a campus unit/department that only occasionally receives a remittance, the individual check is recorded directly onto the cash collections deposit form.
Minimize the Risk
Count cash in a location where no one outside of the office/unit can see you doing it. If others don’t know that you have cash, especially a lot of cash, they are less likely to be barging in demanding the money.
At the end of the workday, secure all funds and leave the register’s cash drawer open so that it is obvious that the register contains no cash.
Request for Exception
In rare situations, a campus unit is physically/budgetarily unable to provide the appropriate controls, e.g. separation of duties as required by policy. Therefore, the campus has created a process that allows a campus unit to request an exception. Requests should be addressed to the campus’ Cash Handling Coordinator, mail stop: Accounting Office. Include the following information in a request for an exception:
Things to Avoid
Do not take a deposit with you except when you are going directly to the Cashier’s Office.
Cash handlers must be specifically authorized to handle cash after verification of employment, completion of a credit check (optional) and a fingerprint/background check
How To Keep Your Money Safe & Organized
Your most important issue with money during a yard sale is: How to make change quickly!
Without a doubt, it’s much easier to make change if you have your coins separated from your dollar bills.
And it’s even easier yet, if you have your individual coins separated by denomination.
Money Organizers That Work Great At Yard Sales cash box with individual coin sections and/or dollar bill trays. There’s no better way to stay on top of your earnings and make change in an instant than to use a cash box with separated sections!
Individual money bags. You need money bags — one for the dollar bills only, and one for all your loose coins. These could be official bank bags, but I just use heavy-duty zippered dark colored bags. They’re called money bags, but there’s no lock or security features to them. I got mine at Wal-Mart.
Zipper/slider plastic food storage bags. They’re not ideal, but they’ll work.
Zippered food storage bags are clunky, and sometimes awkward to open & close. Plus, unless you hide them, everyone can see your stash of cash. One good thing is that you can see exactly what’s inside, so you’re sure to grab the right one each time!
I’ve used each of the above methods in previous yard sales:
I like to help people find unique ways to do things in order to save time & money — so I write about “outside the box” ideas that most wouldn’t think of. As a lifelong dog owner, I often share my best tips for living with and training dogs. I worked in Higher Ed over years before switching gears to pursue activities that I’m truly passionate about. I’ve worked at a vet, in a photo lab, and at a zoo — to name a few. I enjoy the outdoors via bicycle, motorcycle, Jeep, or RV. You can always find me at the corner of Good News & Fun Times as publisher of The Fun Times Guide (3fun & helpful websites).
Filed Under: Home & Garden, Storing & Organizing Things
Your satisfaction is guaranteed!
We want to make sure you are completely satisfied with your purchase. Customers must return their product within 30 days of shipment to receive a full credit less a 15% restocking fee. Returns must be presented in new condition with all of the original packaging.
First of all thanks for reading my article to the end! I hope you find my reviews listed here useful and that it allows you to make a proper comparison of what is best to fit your needs and budget. Don’t be afraid to try more than one product if your first pick doesn’t do the trick.
Most important, have fun and choose your Cash Trays wisely! Good luck!
So, TOP3 of Cash Trays
- №1 — Yescom Cash Registers Drawer Money Safe Storage Box 5 Coin Bill Tray Replacement for Point of Sales
- №2 — Angel POS Manual Open Portable 16″ x 14″ Point of Sale/POS Cash Drawer Key-Lock Heavy Duty Cash Register w/Bill & Coin Till Trays
- №3 — Sparco Money Tray