We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Accounting

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What Is a Cash Drawer?

Leigia Rosales
By
Updated: May 16, 2024

Despite numerous advancements in technology during the 20th century, almost all retail businesses still make use of a cash drawer. Located underneath the actual cash register which is used to ring up merchandise, the cash drawer is where the salesperson deposits currency when a sale is made. As a rule, a cash drawer is divided into compartments for paper currency as well as coins.

The first cash register was patented in 1883 by a saloon owner in Dayton, Ohio. From the beginning, cash registers came equipped with a cash drawer to guard the money being made by the store owner. In fact, the original inventor came up with the idea in order to keep his own employees from stealing from him. Although most cash registers are now operated electronically, the basic function hasn't changed much.

Originally, a cash drawer was either an integral part of the cash register or sat underneath the register as a separate part. When a sale was complete, the drawer would open and money would be deposited in the appropriate spots. When it was time to count the money, the cash drawer could be manually released and pulled out of the register.

Modern day cash registers operate in essentially the same way as they did in the 1800s. The only significant differences are that they are now electronically powered and the cash drawer typically has a cylinder lock that requires a key to open. Modern cash drawers generally open when the appropriate key is pushed or with a key in the event of a power failure.

The design of the cash drawer itself has also not changed since its invention back in 1883. Small compartments in the front of the drawer are intended to separate coins with a place for pennies, nickels, dimes, and quarters, as well as an additional compartment for half dollars, dollar coins, or simply extra coinage. The larger compartments behind the coin compartments are intended to hold one-, five-, 10-, and 20-dollar bills. Cashiers typically hide larger bills under the cash drawer to discourage would-be robbers.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Leigia Rosales
By Leigia Rosales
Leigia Rosales is a former attorney turned freelance writer. With a law degree and a background in legal practice, she crafts compelling content that informs and engages readers. Her ability to understand complex topics and communicate them effectively makes her a valuable asset to any content creation team.
Discussion Comments
Leigia Rosales
Leigia Rosales
Leigia Rosales is a former attorney turned freelance writer. With a law degree and a background in legal practice, she...
Learn more
Share
https://www.smartcapitalmind.com/what-is-a-cash-drawer.htm
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.