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Jataman606
1244 days ago
How much money you lose by counting money and depositing it into a bank?
3 comments
akvadrako
1244 days ago
That depends on many factors of course, but I've seen it ballparked around 2-4%. You need safes, cash registers, insurance, etc.
But credit cards in the US are also like 3% and come with additional risks.
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mikhael28
1244 days ago
It takes time to do those things. Time is money. It takes time to reconcile in a double entry accounting system the cash you received in business operations. Software does it automatically.
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nicbou
1244 days ago
Where I live there is also a bank fee for dealing with large amounts of cash.
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But credit cards in the US are also like 3% and come with additional risks.