| James Ritty might not have guessed that the | | | | specially ordered models have the capacity to be |
| cash register, which he invented in 1879, would | | | | attached to credit card terminals and software |
| change completely into some thing, which even he | | | | such as EFTPOS. EFTPOS stands for Electronic |
| would fail to identify. He just wanted to devise a | | | | Fund Transfer and Point of Sale, which handle |
| fool proof cash handling system, which effectively | | | | transactions with customers. It handles electronic |
| prevented his dishonest staff steal and pocket | | | | debiting of customers' accounts and crediting the |
| the money at his tavern in his Dayton, Ohio. | | | | amount to the merchants' account. |
| Early cash registers were mechanical machines, | | | | Pilferages with modern cash registers are not |
| which did not issue receipts. The cashier would | | | | easy. These are highly protected. One example is |
| crank up the machine and press the total key to | | | | alphanumeric passwords. |
| register transaction and that is when the cash | | | | Accounting and Taxation Angle to Cash Registers |
| drawer would open and a bell ring at the | | | | It is mandatory for customers and merchants to |
| managers/owner's office to alert him of a | | | | maintain the receipts for some time while |
| completed transaction. | | | | merchants compile tax returns. The point is, it is |
| But would it not be possible to open the register | | | | easy taking stock at the cash registers by the |
| when there is no sale at all? These are day to | | | | volume of sales rather than inventory. Bar code |
| day necessities and the manager or the owner | | | | scanners such as EAN and UPC maintain logs for |
| would want to check or take away cash from | | | | each item sold and totaled at the end of the day. |
| the register even when there is no sale and the | | | | Top Manufacturers and Salient Features |
| drawer can be opened by hitting the NS (no sale) | | | | Japanese have pulled it off in this regard. Toshiba, |
| key which opens the drawer after logging that | | | | Casio, Sharp and American companies like IBM, |
| the drawer was opened. Some models have | | | | Wincor-Nixdorf and TEC are top selling models. |
| special keys and latches for such instances. | | | | Features keep changing but, Clerk ID System, |
| Modern Cash Registers | | | | Self Tax Computation, Memory Protection, |
| Whether you have a small business or a | | | | Locking Cash Drawer Locking coin tray, multiple |
| restaurant, modern line of cash registers will fit | | | | tax rates; thermal printers and pop-up rear display |
| the bills for you. These computerized cash | | | | are only the most common features. |
| registers of the day can be attached to scales, | | | | Have you seen a self checkout cash register yet? |
| check stands and bar code readers. Some | | | | |