Yes. We have those little pieces of paper...

Post #188,109 by Arkadiy 12/24/04 2:26:02 PM Reply	Yes. We have those little pieces of paper... Everyone is crazy about them. We call them "dollars" :) It would be interesting to know what are standard accounting practices when dealing with $2.5 mln cash at the point of sale. Do bookkeepers require prescise accounting? Or some of it is allowed to go missing and is written off? -- Q. I think I need to see a specialist, but my doctor insists he can handle my problem. Can a general practitioner really perform a heart transplant right in his/her office? A. Hard to say, but considering that all you're risking is the $20 co-payment, there's no harm in giving it a shot.
Post #188,136 by jbrabeck 12/25/04 9:06:58 AM Reply	Based on my cash handling experience Down to the penny. I was in charge of the check disbursing section for the US Army in Europe. Monthly expenditures had to balance to the penny. Also in charge of the cash vault, funded military (US) banks in Europe. Also had to balance to the penny. One time, just after receiving a cash resupply shipment (3 milvans == 40' trailers) of coins, we had a surprise cash count. We were off in the count in the vault. I had to move every box (22"x11"x7", ~70#) until I found which boxes were stacked in the wrong place (Each box was coded with contents - penny/nickel/dime/quarter - paper money boxes balanced). 5 hours and 3000 boxes later, the vault balanced. A good friend will come and bail you out of jail ... but, a true friend will be sitting next to you saying, "Damn...that was fun!"
Post #188,141 by Andrew Grygus 12/25/04 12:10:20 PM Reply	That's the general attitude of accountants everywhere. Remember, a hacker/spy ring in East Germany was busted because someone in the Western U.S. found his accounts out of balance by $0.01 and investigated why. [link\|http://www.aaxnet.com\|AAx]
Post #188,142 by Arkadiy 12/25/04 12:20:12 PM Reply	You're talking about bulk cash pre-packaged and labeled. At least you had to shift boxes, not count individual coins. I am mostly wondering about POS experience, where you (may) have "give-a-penny-take-a-penny" bin. But thanks for your data point. -- Q. I think I need to see a specialist, but my doctor insists he can handle my problem. Can a general practitioner really perform a heart transplant right in his/her office? A. Hard to say, but considering that all you're risking is the $20 co-payment, there's no harm in giving it a shot.

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