Bill Counting Techniques

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BANK CASHIER
CASHIER JOB-MONTH 1
ISSUE:
 TECHNIQUES FOR COUNTING BANKNOTES AND
COINS
 ORDERING OF BANKNOTE AND COINS
 RECOGNITION OF PROOF OF PAYMENT
 FRAUD AND MANAGEMENT OF POS TRANSACTIONS
THEY PRESENT:
 MELISSA CELI NOGUEIRA
 BETTY S. VELA JIMENEZ
 CINTHIA V. ALARCON RUIZ
 ALEX PAREDES PIZANGO
EXHIBITION DATE:
 JULY 22, 2020
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BILL COUNTING TECHNIQUES

We have all wondered how bank tellers count money quickly without passing
any counterfeit bills or coins. Since the professionals who work in banks use
some ergonomic techniques and micro movements to count small and large amounts of
money.
1. Separate piles by denomination.

To count quickly, the first thing you need to do is create a pile of all your 10s, all your 20s,
all your 50s, all your 100s, and so on. Gather all the bills in a big pile and then check one
bill at a time by placing it in the pile of its respective denomination
2. Line up the bills so they are all facing the same direction.
Do this during or after separating the bills into different piles. This can make counting
easier and faster, as well as keeping money more organized.
3. Count each bill as you pass them from one hand to the other.
Pick up a bunch and hold it in your non-dominant hand. Grab the bill at the top with your
dominant thumb and index finger to make sure it is only 1 bill. Then place the bill on a flat
surface in front of you while you count it. Continue grabbing and moving the bills one at a
time while counting by denomination.
4. Wrap a rubber band around a pile once you reach 100 bills.
Secure and set aside each stack of 100 bills of the same denomination. This is easy if you
count 10s, because you'll stop once you've reached 100. It's helpful to know the monetary
value of 100 bills of each denomination in advance so you know when to stop.
 If you count 10 sole bills, stop when you reach S/.1000.

 If you count 20 dollar bills, stop when you reach S/.2000.
 If you count $50 bills, stop when you reach $5,000.
 If you count 100 dollar bills, stop when you reach $10,000.
5. Add up all the striped piles and any leftover bills.

Continue securing each stack of 100 bills and set them aside. Once you run out of bills, add
each pile starting with the highest denominations and then add the remaining bills.
USE STRATEGIES TO INCREASE HAND SPEED

1. Remove each bill from the grip with the opposite thumb.
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Use your thumb to hold a stack of bills of the same denomination folded
vertically in one hand with the corners facing up. Hold the back of the pile on
the other side with the opposite index finger. Then, use the thumb on this
same hand to press down on the front of the first bill and slide it out from
under your other hand sideways. Count as you slide each bill this way.
2. Passes striped bills from one hand to the other.

Wrap a rubber band around half of a stack of bills that share the same denomination.
Place the pile horizontally on a flat surface in front of you. Place your left hand on the left
side of the pile with only your index and middle fingers extended. Grab the stack by the
top right corner with your right hand and slide your right thumb to the left to slide 1 bill
through. Count while alternating between using your left index finger and left middle
finger to pick up each bill.
ORGANIZATION OF COINS AND BANKNOTES

Bills can be sorted into bricks, bundles, spines and picks.
 Brick: 10 Bundles or 1000 bills of the same denomination.
 Bundles: Bills of the same denomination, spread out and wrapped in
a strip of paper 100 bills
 Loin or Cookies: 10 bills of the same denomination or 20 bills starting
with 5
 Picos: Banknotes of the same denomination that do not complete a
spine
The organization of bills and coins is essential in a business. Being able to have the coins
classified allows us to save time when serving the client or see the money at a glance.
They are common in shops, but they can also be very useful in your home. After all, there
is always loose money that we like to organize in an orderly manner.
There are coin and bill organizers that are items that, due to their design, allow coins and
bills to be classified according to denomination, making the activities of cashiers, money
changers and others who use them easier.
Types of coin and banknote organizers
 Coins
We can organize them on boards that have spaces for individual coins or trays that
help group coins counting each group by amount. There are also dispenser types,
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ideal for classifying them column type and being able to remove them
easily or you can use simple coin purses to help you always have
change on hand.
 Coins and bills

Wallets are ideal for personal, everyday use, but if you have a business or work
with money, safes and cash register trays are the best option. Both have
compartments to classify bills of different denominations and coins. The boxes can
be closed and carried from one side to the other, the trays are only protected
inside the cash register.
Importance of organizing coins and bills
We all need organization in our finances, but it is more important when we have a
business, not only for our benefit, but for good and quick service to our clients. It also
helps to have control over the money that circulates during the day.
HOW TO IDENTIFY PROOF OF PAYMENT
Proof of payment is a document that certifies the delivery of a good after providing a
service according to SUNAT. It is basically a document that supports operations. The
taxpayer is required to issue proof of payment.
How many payment receipts are there?
The main function of the type of CFDI is to indicate the tax effect that said receipt will
have.
Types of Payment Receipts

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There are several types of payment vouchers and each one has a different
purpose, depending on the activity you carry out.
Documents Legally Required by SUNAT:

a) Bill
b) Receipt for Fees
c) Bill of sale
d) Purchase Settlements
e) Tickets or Tapes from Cash Register Machines
f) Carrier Referral Guide
g) Sender's Referral Guide
h) Receipt for Lease of Personal and Real Estate Property
i) Travel Ticket or Passenger Manifest
 User : The taxpayer who assumes the value of the ticket to support the cost or
expense for tax purposes.
 Passenger : The subject who will make the trip and will be transferred, and may
be the one who assumes the value of the ticket.
Electronic payment receipts:
1. Electronic bill
2. Electronic sales slip
3. Electronic credit notes
4. Electronic debit notes
5. Electronic utility bill
6. Electronic fee receipt
7. Electronic withholding receipt
8. Electronic receipt receipt
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Proof is necessary for the following:
 Prove the completion of a commercial operation, the amounts and

taxes paid.
 With them you can demonstrate ownership of a product or service.
 They allow you to make a claim, request an exchange or a refund when the
products purchased are defective.
 They help avoid tax evasion (evasion is when the seller pays less taxes to the State
than they should).
FRAUD AND MANAGEMENT OF POS TRANSACTIONS:

ADVANTAGES AND DISADVANTAGES
What is a POS system?

Point of sale systems are the hardware and software used to record a store's financial
transactions. Simply put, they are the evolution of the cash registers of yesteryear, as they
allow businesses to quickly process the sale of merchandise, as well as generate and print
purchase receipts for customers. However, this type of software goes further, because it
generates reports in real time, allows a more precise inventory to be carried out and in
general, simplifies all the administrative processes of a company.
Most important advantages of a POS system.
1. Save customers time:

When it comes to selling, saving time makes a difference, since a business that has the
ability to record a transaction in the shortest time possible is generating a better
purchasing experience, which influences customer loyalty. .
A POS software automatically performs calculations, both of the sum of the products, as
well as the taxes and discounts to be applied.
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2. They improve inventory control:

A point of sale allows you to see the number of products available in real time,
all from the same screen and without having to contact the warehouse team
or call other branches.
3. They simplify accounting:

When making a sale, it is automatically saved in the accounting system, without the need
to manually enter each of the receipts generated. A POS system also generates reports
that allow you to know how the business is doing in terms of sales.
DISADVANTAGES:
HOW TO PREVENT THE POS FROM BEING PART OF A FRAUD?
The specialist recommended starting with basic security measures such as:
 Keep the software of point-of-sale devices and others that are part of the network
updated.
 Implement solutions from the use of security equipment for intrusion prevention
to advanced threat protection solutions that protect against zero-day attacks.
 Develop in a personalized way to the company's network topology and according
to its specific needs with network and cybersecurity engineers.
 If you are a user, never lose sight of your card. When paying, if possible request a
wireless POS.
 Always cover your secret code when making your purchases. Sign the back of your
cards and change your password frequently and avoid using known numbers such
as birthdays, birth dates, consecutive numbers.
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1

BILL COUNTING TECHNIQUES

1. Separate piles by denomination.

 If you count 10 sole bills, stop when you reach S/.1000.

5. Add up all the striped piles and any leftover bills.

USE STRATEGIES TO INCREASE HAND SPEED

2. Passes striped bills from one hand to the other.

ORGANIZATION OF COINS AND BANKNOTES

Types of coin and banknote organizers

 Coins and bills

Importance of organizing coins and bills

HOW TO IDENTIFY PROOF OF PAYMENT

How many payment receipts are there?

Types of Payment Receipts

Documents Legally Required by SUNAT:

Electronic payment receipts:

Proof is necessary for the following:

 Prove the completion of a commercial operation, the amounts and

FRAUD AND MANAGEMENT OF POS TRANSACTIONS:

What is a POS system?

Most important advantages of a POS system.

1. Save customers time:

2. They improve inventory control:

3. They simplify accounting:

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