Modern cash management helps reduce risk and frees leaders to focus on strategic tasks.
This article first appeared on BLUbeem by Brinks.
An estimated 92% of consumers surveyed had no plans to stop using cash, according to a 2024 report by the Federal Reserve Financial Services’ FedCash® Services. Cash can also be the source of several security and bookkeeping headaches for restaurant owners. Here are the 3 common problems every Restaurant 365 customer should know about cash — and the convenient solution that could spare them from these headaches
1. Internal Theft and Shrinkage
• Whether it’s secured in a hiding spot or left out in the open, cash is vulnerable to crimes of opportunity. Shrinkage is the result of theft, in addition to mismanagement and poor accounting.
2. Time-consuming Trips to the Bank
• Sending a restaurant employee to the bank to deposit cash leaves them vulnerable to theft.
3. Fees, delays, Inaccuracies
• Banks typically charge handling fees for cash deposits, which eat into profits.
Interested in learning more? Read the full article at BLUbeem by Brinks.
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