Many many years ago we were shown a function in POS software from another local software company that enabled a retailer using the software to take cash out of the business in a way that was difficult to detect.
Using a special password, anyone using the software could enter the amount they wanted to withdraw. the software adjusted records to hide the withdrawal, maintaining accounts records for any tax audit and a separate, hidden, set of records for the business owner.
We discovered the unique tax free cash accessing facility when we were asked many many years ago to add a similar facility in our software. The business owner wanted to remove $2,000 cash a week from their busy business. We refused. We lost that customer and some others who wanted such a facility.
Eventually, the knowledge of the facility in the other POS software reached state and federal government authorities. Several agencies from state and federal governments got together to look at the facilities. We were able to observe this first-hand. It was breathtaking. Their interest was in how a retailer was assisted in removing cash from a business without detection. This was demonstrated.
We have been asked since several times by some retailers to make it easy for them to remove cash undetected from the business. Our answer is as it has always been – you can’t do this with our software. To do so within the code of our software would be illegal, just as doing so in any retail business would be illegal.
With benchmarks and other data analysis tools, the federal government is especially well equipped today to detect such activity.
We have many ways we can lawfully help local retailers make more money in their businesses – through better decision making, faster decision making, tactical shop floor engagement, efficient online selling to shoppers they will never see. retail today is growing for many local retailers thanks to these and other engaging tools in smart POS software. This is where good business growth can be achieved and through which value can be cultivated to make a business worth more when it comes time for the owners to sell.
Bad business decisions can be a big burden in a retail business. make better business decisions and you can make more than any cash you may wish you could take form a business.