One way for schools to expedite their accounting processes when it comes to expanded meal programs or other activities is by using cash counters. Most students pay for their lunches with cash, and it can be difficult to count all of that money on a regular basis while leaving enough room for other important responsibilities. Having a cash counter on hand enables schools to quickly calculate the amount of revenue made each day and makes it easy to compare the actual cash collected to the amount recorded on the register.
"Cash counters can have a direct impact on expediting the back-office accounting a proper food program needs."
One school that has recently chosen to expand its food program is Kingsley Elementary in Los Angeles, according to The Associated Press. This is part of L.A.'s overall plan to provide dinner to students of low-income families. Kingsley Elementary has already established a breakfast program. Because of the complexity behind systems like this, cash counters can have a direct impact on expediting the back-office accounting a proper food program needs. When accounting for meal payments becomes weighed down with so much cash, the school will have to spend more of its limited time in the back office unless it uses an automatic money counter.
The L.A. meal program is getting major attention because of its scale, according to Southern California-based NPR affiliate KPCC. When schools start handling more cash on a daily basis, technology becomes especially important. Administrators and staff members don't typically have time to count cash by hand. Money counters also help to prevent mistakes that can lead to costly accounting errors. Overall, a school will likely find that it can save valuable time with cash counters, which can then be put back into managing the school meals program and other activities.
January 21, 2015