Cash Shrinkage

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Term Definition
Cash Shrinkage

Shrinkage is the difference between recorded and actual cash inventory that can be attributed to factors including employee theft, administrative error and cashier errors. Retail studies indicate that worldwide the amount of value lost between till and bank averages 0.15% of cash turnover. Our cash accepting devices count the cash for you and identify fraudulent notes. This way businesses do not have to count the cash and stand a chance of cash going missing.

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T | +27 11 010 4300
E | info@cashconnect.co.za
CC | 0861 MY RAND (69 7263)

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