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by xmprt 258 days ago
If a significant amount of your business is cash based then the risk is much higher. If you're doing $100 worth of cash transactions per day then your registers and safe probably don't have much and you can probably get away with weekly or even monthly deposits. Whereas if you're dealing with $1000s in cash then you probably want to deposit daily, need a lot more security around your register and safe, and probably have a much higher quality safe too.
1 comments

I've lived in Seattle for decades, and have -never- found a business that would not accept cash. If I -had- I would have set down my prospective purchase and walked out the door with a promise never to return.

Apart from a transit card (all the mass transit also takes cash ... no fee added), I'm not going to pay to feed the surveillance machine.

There have been a number of food trucks in the Seattle area that don't accept cash for the past 5 years. A popular food truck might have >$5k in cash sitting there by the end of the lunch rush - it puts an awfully tempting target on your back.