So you’ve decided to deal with cash payments (well, decided or forced, doesn’t really matter), but have you considered all the risks there are? Have you mitigated them to an acceptable level for you? 

When dealing with cash in general, one must inherently think and deal with following risks:

• Physical security of the money – obviously you cannot have it lie about in places, so there’s quite a bit to do with questions like where you keep it in general just as well as which procedures you’ve got in place for safekeeping, accounting and transferring it. At the end of the day cash is what you need to keep your suppliers, employees and investors happy.
• Human error when giving back change is prone to happen. Something you need to consider is how you deal with it – accept some errors or ask your employees to pay back the difference from their own pockets?
• Cash is most attractive to thieves – not a surprise there! Even if you keep your money safe, there are people who still want it. While trying to get your money they will also most probably take something else along or just break a lot of stuff.

It’s not meant as something to try and scare you off from dealing with cash but more something to make you think about how you overcome or mitigate those risks. Cash creates a lot of temptation and practical problems, but there’s also this reason you went for using cash in the first place. We just want you to think about these things before anything bad happens. After all, it’s all about being prepared.