Why do shops do this?

[skyhi2]

It`s far simpler.

Loops was only £1 extra showing in the till ( non existent ).

Every customer gets the same ( for arguments sake ).

100 customers a day=700 a week.

52 weeks= £36,400 a year.

That`s £36,400 clean money.

Skyhi2

 

[mitch@volume]

lol

£100 in Till, £11 transaction, £11 sale put in, £20 tendered, £9 change suggested which you get, till has £111

£100 in till, £11 transaction, £11 sale put in, £12 tendered, £1 change suggested (but you actually get £9 as this is correct for your £20 - they have not short charged the OP), till has £111.

use either way for 4 transactions and the till total is the same £144. nothing is up or down, no dirty money laundered lol.


and why buy a car for £40k cash and then sell it for £30k, you still have £30k in cash which you can't put in your bank along side your job seeker allowance; because £30k will throw up a red flag as much as £40k would. - dirty money only matters if its traced notes. It unusual sums going into your bank that gets you noticed. sit with cash under the bed nobody cares, its getting illegal earning into a bank account that's hard.

 

[skyhi2]

£12 rung in to the till,not £11.

OP has the correct change.

 

[mitch@volume]

so is the issue...

A) they are inputting the product value at £1 above the true cost

or

B) they are inputting the incorrect amount cash handed over by the customer as £12 instead of the true £20 note? but for a correctly priced item?


i though the issue was B not A ?

 

[skyhi2]

It`s A.

It`s just plain,simple Laundering.

Skyhi2

 

[mitch@volume]

think that's where people have been getting in a muddle :redface:

 

[Camille-I]

The answer to the question is staring you in the face.
I mean that in no way to be rude either.

You owe: £11
You give: £20
They type £12 - £11 = £1 change (but they give you £9)

It's all down to TAX (e.g. evasion)

Right, maybe because of some tax or other fees, such as the package bag fee, as in some country such as China, we begin to charge fees for bags due to environment protection.

 

[davidshaw89]

I am trying to get my head round this.

If a sale is '£11'.

And say there is £100 pot of cash in the till.

They take from me £20 and give me £9 change.

There are 2 issuess here:

1) the cash in the till

2) the records in the receipts

----1) cash in the till----

Start: £100 add £20 = £120

They take out £9 from the till to give to me and keep £11.

They will have £111 cash in the till

-----2) records on receipts--

They record £11 sale and only £1 cash taken out of till however they will have taken out £9 out of the till to give to me.

But physically they will show this cash exchange:

£100 + £12 - £9 (actual amount passed to me) = £103 recorded cash in till

??????

Is that right!!!

Their records will show a cash shortage of £8? Which is unaccounted for. Although physically it is still in the till but by record it will look 'missing'.

This got me thinking:

if you came to this conclusion, then perhaps the shop worker also did, and is using it to steal from the company (thinking it wont be noticed)? it would have to be an employee and not the actual owner who operates the til though! And at the rate he would be doing it (every time you go to the shop), the till would have been empty by the end of the day, so he would probably only be able to do it a few times a day!

 

[davidshaw89]

to add to this:

Is the product price being entered into the till at £12?

or is £12 the amount tendered?

Because this will make a lot of difference.

 

[skyhi2]

£12 entered.

£20 offered.

£9 change.

For an £11 item.

Skyhi2.

 

[Faith28]

This is hilarious..I'm beginning to wish I never asked.

You guys are great at analysing this - it's gone completely over my head this morning!!

 

[Tej]

This is hilarious..I'm beginning to wish I never asked.

You guys are great at analysing this - it's gone completely over my head this morning!!

Quite

Seems you have a lot of time on your hands..

Now that you have all your customers.staff, accountants, advisors etc in place... need to find other gainful projects perhaps..

 

[Private Detective London]

I wish if I went into a shop every morning the owner would give me the cost of my purchases

 

[Faith28]

Quite

Seems you have a lot of time on your hands..

Now that you have all your customers.staff, accountants, advisors etc in place... need to find other gainful projects perhaps..

Well with 2 children, home and business, it's nice to come on here now and again to discuss with other business owners. Don't you think?

 

[Tej]

Well with 2 children, home and business, it's nice to come on here now and again to discuss with other business owners. Don't you think?

Yes.. it is great to come on now and again and discuss with other business owners

But.. in my opinion.. I don't see why one has to point fingers at "asian businesses"..who then get painted as money launderers.. drug dealers etc.... recommending accountants by name.. that you don't use anymore because they are expensive.. etc..

so.. in a couple of threads/posts.. you set the "world alight".

Whatever floats your boat I guess

 

[Faith28]

Yes.. it is great to come on now and again and discuss with other business owners

But.. in my opinion.. I don't see why one has to point fingers at "asian businesses"..who then get painted as money launderers.. drug dealers etc.... recommending accountants by name.. that you don't use anymore because they are expensive.. etc..

so.. in a couple of threads/posts.. you set the "world alight".

Whatever floats your boat I guess

Yes, it makes you realise how quickly a couple of words get dragged threw the mud by other people doesn't it.

 

[Tej]

Yes, it makes you realise how quickly a couple of words get dragged threw the mud by other people doesn't it.

A lesson learnt.. I trust

 

[Faith28]

A lesson learnt.. I trust

Indeed....

 

[MrsPWN]

OMG this thread is hysterical

 

[AdamJ]

This thread made my head hurt

 

[movietub]

Consider this ...

100 customers a day ' overcharged' £1 [on the till] x 6 days per week x 52 weeks a year = £31,200.

For the customer there is actually no problem. They paid their money for their goods, and they get their goods and they get the change the expected. Just their till receipt reads that they paid £1 more than they actually did. So what. It's a minor mistake.

For the shop owner their till register says each day there should be £100 more in the till than actually there is. So sack the shop assistant!

But wait ...

What if the shop owner adds £100 to the till; the till will appear correct. the taxman will charge tax. HMRC can check back to the till receipts. Everything looks spot on. what an honest trader. In fact, over the year the shop owner could do this 312 times, topping up his till from the money he/she has tucked away for such eventualities.

The source of this mysterious pot of money ... Drugs.

Money laundering may be the explanation. Money laundering involves 'dirty money' to be 'cleaned' i.e. ligitimised and then layered. The shop owner / drugs barons don't care they pay tax on the £31,200 - the remaining say £25,000 [after tax] is now 'clean' money. It can now be paid away ligitimately to whoever is owed it.

My first thought! The point is that the extra £1 is becomes part of the transaction. But by giving the customer the correct change (on the £11 sale, not the £12 the till though the sale was) the till ends up missing £1 each sale.

100 sales per day when the till expects £12 and only gets to keep £11 of the cash tendered and the till WILL be £100 short.

Then the dodgy money is used to top up the till. The shop owner pays tax on the extra £1 profit (from the tills point of view) he added to the sale of course, but this at least preferablt to declaring or hiding money made from illegal activities. Or more likely an extra income they don't want to pay a higher rate of tax for. They may even be substituting a loss making shop in order to maintain turnover and hang on to a crucial discount with a supplier. Maybe they have family that want to work but have no visa and are spraying cars some place. Could be anything. Probably not anything nefarious.

Ultimately the shop accounts show that he has made higher profits on each sale than is the case.

I also saw the OP getting shunned for a 'racist' remark which I think was unfair.

Without wanting to be accused of being racist - certainly most asian shop owners I know well enough to chat to about business reveal many sources of income, spread and shared across large families. Typically 50% are there for all the world to see, the other 50% are much more casual and cash in hand. And I get the impression that an old school approach to keeping money private and off the record is often seen as preferable. It's a cultural thing, and cultures do tend to justify some generalities! After all, what is culture if its not a generalism? God knows when I go abroad for business every other nation pokes me for being a typical Brit (especially the germans). Bottom line is I'm flattered they pay enough attenbtion to us to notice our traits. And I'm more than happy for them to generalise - much, much bigger things to worry about!

 

[movietub]

NB - I really don't want to be considered racist for the above ^^^

I may even be totally wrong. But those are my observations and my gut feeling of what goes on in the area I work in. So long as I don't try and pursuade anyone else my views are confirmed fact then they are, just my own conclusions of course!

I hate racism but I see generalisation as natural and integral to any human beings thought process and ability to figure things out. Whether you generalise that a german will probably not be any good at telling a joke, or that a tree is most likely going to have leaves.

In some cases you will be wrong, but in most cases the assumption is right and will get you through life with less surprises!

 

[Mpg]

^^^^^Well said