Final answer:
The most typical cause of cash overage in a register is human error, including giving out incorrect change, miscounting cash, or processing errors. Regular training and audits can help prevent these mistakes. Overdraft fees from banks are related but distinct issue that occurs when spending exceeds the account balance.
Step-by-step explanation:
The most typical cause of cash overage in a register is often related to human error or mistakes in processing transactions. This can occur when cashiers accidentally give out less change than required, record transactions incorrectly, or when there is a miscount of the physical cash. Other possible causes might include improperly processed returns or coupons.
It's important to consistently track and rectify overages to maintain accurate financial records. Some businesses also implement cash handling training and conduct regular audits to minimize the chances of cash overage occurrences.
Should you spend more money than you have in your bank account, you might encounter an overdraft fee. Banks charge these fees when transactions exceed the account balance. This situation differs from cash overage at a register, where the issue lies with the mishandling of physical currency rather than banking transactions.