Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Monetization
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Security measures for a 100% cash based business.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Etini, post: 339924, member: 90141"] We know that electronic methods of payments have become prevalent in business nowadays. But that notwithstanding, there are still businesses that depend completely on cash based payments. Those that sell giffen goods like food items in retail quantities depend entirely on cash payments to run the business. There are security risks though with running a business premises with completely cash based payments. But you can mitigate these risks if you are running a cash based business with the following measures: 1) Have secure and fortified safes: If you run a cash based business, you would need to invest in safes that are hard to break into so that you can safely keep the cash earned by sales. 2) Streamlined Cash Counting Procedures: Standardize the process of counting cash and make sure it is implemented to avoid errors and fraudulent activities. 3) Send cash to the bank as soon as it is a little bulky: When the cash realized through sales is substantial enough, send it to the bank to reduce any risks that might happen. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Security measures for a 100% cash based business.
Top