Soft count: Difference between revisions
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{{Short description|Process for counting money at a casino}} |
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{{Unreferenced|date=October 2009}} |
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{{More citations needed|date=November 2022}} |
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A '''soft count''' is one process for counting [[banknote]]s in a [[casino]] or [[bank]]. The soft [[count room]]s are usually among the most secure places due to the large amounts of cash that can be on hand at any one time. |
A '''soft count''' is one process for counting [[banknote]]s in a [[casino]] or [[bank]].<ref>{{Cite web |title=Soft Count (Gaming Law) Law and Legal Definition {{!}} USLegal, Inc. |url=https://definitions.uslegal.com/s/soft-count-gaming-law/ |access-date=2022-11-04 |website=definitions.uslegal.com}}</ref> The soft [[count room]]s are usually among the most secure places due to the large amounts of cash that can be on hand at any one time. |
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==History== |
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Traditionally, a count room would be operated by at least three people. The first two people independently counted stacks of currency and recorded the results on a count card. The third person examined the two count cards to ensure that the first two people recorded the same amount. If there was a difference between the amounts recorded on the two count cards, the currency would be recounted. Some smaller volume cash businesses still operate a count room in this fashion. |
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Some smaller volume cash businesses still operate a count room in the original fashion. The count room is operated by at least three people, the first two of whom independently count stacks of currency and record the results on a count card. The third person examines the two count cards to amount recorded is the same. If there is a difference the currency is recounted.<ref>{{Cite journal |date=November 13, 2015 |title=Section 68 IAC 11-3-6 - Soft count process |url=https://casetext.com/regulation/indiana-administrative-code/title-68-indiana-gaming-commission/article-11-internal-control-procedures/rule-68-iac-11-3-soft-count-procedure/section-68-iac-11-3-6-soft-count-process |journal=Casetext}}</ref> |
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Counting is usually done by accounting professionals called soft counters, usually using [[computer]] [[spreadsheet]]s. |
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Typically, a soft count room contains a large table upon which the currency |
Typically, a soft count room contains a large "count table" upon which the currency is placed. Count room personnel manually organize the currency so that it can be easily counted by hand or by a counting machine. |
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Most modern count rooms are equipped with high-speed computerized |
Most modern count rooms are equipped with high-speed computerized counting machines. Typically, these machines can count between ten and twenty banknotes per second. After the currency is prepared on the count table, it is transferred to the machine's operator, who inserts the prepared stacks into the machine. The machine authenticates each banknote, separates the counted banknotes according to denomination, and provides a printed or electronic report of the results. |
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The opposite of soft count is [[hard count]] in which coins and chips are counted. |
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== References == |
== References == |
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{{DEFAULTSORT:Soft Count}} |
{{DEFAULTSORT:Soft Count}} |
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[[Category: |
[[Category:Banking terms]] |
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[[Category: |
[[Category:Banknotes]] |
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[[Category:Casinos]] |
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[[ar:العد الميسر]] |
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Latest revision as of 13:45, 28 May 2023
 | This article needs additional citations for verification. (November 2022) |
A soft count is one process for counting banknotes in a casino or bank.[1] The soft count rooms are usually among the most secure places due to the large amounts of cash that can be on hand at any one time.
History
[edit]Some smaller volume cash businesses still operate a count room in the original fashion. The count room is operated by at least three people, the first two of whom independently count stacks of currency and record the results on a count card. The third person examines the two count cards to amount recorded is the same. If there is a difference the currency is recounted.[2]
Counting is usually done by accounting professionals called soft counters, usually using computer spreadsheets.
Typically, a soft count room contains a large "count table" upon which the currency is placed. Count room personnel manually organize the currency so that it can be easily counted by hand or by a counting machine.
Most modern count rooms are equipped with high-speed computerized counting machines. Typically, these machines can count between ten and twenty banknotes per second. After the currency is prepared on the count table, it is transferred to the machine's operator, who inserts the prepared stacks into the machine. The machine authenticates each banknote, separates the counted banknotes according to denomination, and provides a printed or electronic report of the results.
References
[edit]- ^ "Soft Count (Gaming Law) Law and Legal Definition | USLegal, Inc". definitions.uslegal.com. Retrieved 2022-11-04.
- ^ "Section 68 IAC 11-3-6 - Soft count process". Casetext. November 13, 2015.