Beancounting

What is "Beancounting"?
Beancounting is a job that needs to be after a cash till is pulled from the front desk or thrift store. The staff member counts the money from till, transfers it into the safe, and makes the till ready for the next shift.

The Bookkeeping Toolbox
It's easiest to do beancounting in the Monkeyhouse since this is where the Bookkeeping Toolbox and the safe currently live. The Bookkeeping Toolbox should contain:


 * An endorsement stamp for checks received
 * Some hard copies of the [[Media:Endofshiftform.gnumeric|end of shift form]]
 * Some large envelopes
 * Deposit tickets for making deposits at the bank
 * A pen or two

The Till
Generally, you will get the tills from the safe at the beginning of the day. Make sure that you get the till that has been used. There may be a couple of fresh tills that are already in the safe. If you're doing this at the end of the day, you may need to gather tills from the Front Desk and/or Thrift Store.

Each till contains:


 * Cash (bills and coins) received that day
 * Checks received that day (usually none for Thrift Store)
 * Credit card signature copies
 * A completed [[Media:Endofshiftform.gnumeric|end of shift form]]
 * A [[Media:Till-worksheet.gnumeric|till worksheet]]
 * An income report

It might also contain:


 * Reimbursement slips with proof of purchase receipts attached
 * Mileage reimbursement slips (signed with explanations)
 * Miscellaneous money receipts
 * Notes about data entry errors that should be corrected in the database
 * Copies of receipts for clients to be invoiced

Get Ready

 * 1) Find a spot to beancount near the bookkeeping toolbox.
 * 2) Get the uncounted tills and the cash box (contains $200 in bills plus coins) from the safe.
 * 3) Start an e-mail addressed to beancounters@lists.freegeek.org.  (Subject is "Till Report [date]")
 * 4) Pull up the income report for the day in question.
 * 5) Start with the Thrift Store till, then resume here with the Front Desk till.  This will eliminate duplication of data entry.
 * 6) Pull up a copy of the [[Media:Till-worksheet.gnumeric|till worksheet]] to help you count and record stuff.
 * 7) * Make sure to fill in the date, FD or TS, and your name at the bottom.
 * 8) * When starting the FD till, clear our entries from the TS till.

Count the Checks & Credit Cards

 * 1) Review the checks.
 * 2) * Each one should say FD (Front Desk) or TS (Thrift Store) and a transaction number. If TS/FD is missing write it in.
 * 3) * If the transaction number is missing, look it up on the database, then write it on the check.
 * 4) * Confirm that each check is stamped on the back with the endorsment stamp. If not, stamp it.
 * 5) * If any of the above 3 errors occurred, make a note in your e-mail to beancounters.
 * 6) * Put the checks in numerical order by transaction number
 * 7) * On the Till Worksheet, record the amount of the check under "Chk Amt", and the transaction number under "Description".
 * 8) Review the Credit Card slips
 * 9) * Make sure each one has a transaction number on it. If not, use the database to find it, then write it.
 * 10) * Make sure they're all signed.
 * 11) * If either of the above 2 errors occurred, make a note in your e-mail.
 * 12) * Put the credit card slips in numerical order by transaction number.
 * 13) * Make sure you have a credit card report and that the number of transactions on the report matches the number of signed copies.
 * 14) * From the credit card report, copy the "TOTAL NET" at the bottom to the Till Worksheet's "E - Credit/Debit" cell.

Count the money
Verify that the cashier who last used the till filled out the end of shift form correctly. Also verify that the starting cash was counted and signed off.


 * 1) Start by flipping up all of the billholders of the cash drawer.
 * 2) "Face" the bills and the checks. (All bills/checks face up, same orientation. Makes it easier to find misplaced items.)
 * 3) Count the bills and coins and record them on the till worksheet of your computer screen.
 * 4) * Record using the number of items, not the value of the cash. (e.g. If you have 13 quarters, record "13", not "$3.25").
 * 5) * As you count bills, leave the standard till amount (see Standard Cash Drawer) in the drawer and flip the billholder down so you'll know that denomination is done.
 * 6) * If you can't leave the standard till amount, leave the billholder up as a reminder to add cash later.
 * 7) * Put excess bills and coins aside, but don't mix cash from one drawer with the other.
 * 8) After counting all bills and coins, compare your numbers on the screen to the Till Worksheet printed by the cashier.
 * 9) * If you don't have a printed Till Worksheet, use the End of Shift paperwork.
 * 10) * Check off each number that matches on the paperwork.
 * 11) * If your count doesn't match what the paperwork says, double check your work.
 * 12) * If it still doesn't match, make a note of the discrepancy in your e-mail.

Verify Paperwork
Look for any other paperwork in the till related to the following: (These forms are available on Dead trees.)
 * Money receipts -- These are standard receipts from the office supply store and are used for miscellaneous sales or donations that aren't covered by the standard receipt.
 * Reimbursement records -- for when money goes out of the till to buy something for Free Geek
 * Transfer records (both transfers in and out) -- for when money goes from one till to the other or into the safe. (There should be a transfer out of the till that loses money and a transfer in for the till that gains money.)
 * Unpaid IOUs -- For when someone borrows money from a till (typically to buy something for Free Geek) and hasn't paid it back at the end of the day. (IOUs that are paid up at the end of the day can be discarded. If someone borrowed money to buy something though, there should be a reimbursement record.)

Enter these on the Till Worksheet of your computer screen with notes to explain anything unusual.

Look up "Total Real" from the Income Report screen of your computer and enter it onto the Till Worksheet screen.

Now make a final comparison of your screen to the printed paperwork. If there is any discrepancy, print a copy of the Till Worksheet from the screen and include it with the other till paperwork. See the Discrepancies section below.

If there are NO discrepancies at all, write Verified on the printed paperwork and your initials.

If you've just finished the TS till, set aside the TS till and go back to the "Get Ready" section to do the FD till. If you've just finished the FD till, continue below.

After finishing both tills, gather the two printed income reports. Using the printed time stamp, choose the later report.

Compare this printed report to the Income Report on your screen. If everything matches exactly, write verified and your initials on the printout.

If anything is different, print the screen version of the Income Report.

Discrepancies
Some discrepancies can easily be worked out (e.g. cash is $20 over, but credit card is $20 under) by adjusting our database. Make these adjustments from "data" unders Sales or Donations.

Other problems may take more investigation, consulting with cashiers/beancounters, etc. Work out what you can and make notes about your attempts to solve problems in your e-mail to beancounters.

Prep Tills and Gather Checks / Excess Money
The idea here is to gather items for the deposit while leaving behind a standard till for future use.
 * 1) Now that you've reconciled any discrepancies, you can combine the checks and excess money from both tills.
 * 2) Gather all of the checks, 100s, 50s and 20s.
 * 3) Gather all of the excess 10s, 5s and 1s.
 * 4) Check the drawers for open billholders (places you know you need to add cash).  Where appropriate, add to these places using the excess cash.
 * 5) If there are spots in the drawers you can't fill with the excess bills, buy change from the cash box.
 * 6) Don't take bills out of the cash box without replacing bills of equal value.
 * 7) When possible, use 10s, 5s, and 1s to buy change.  (e.g. to buy 5s, use 1s, not a $20 bill)
 * 8) Excess coins go straight into the cash box (no need to take anything out of the cash box).
 * 9) If you need coins, take them straight from the cash box (no need to put anything into the cash box).
 * 10) Get 2 fresh End of Shift reports from the Bookkeeping Toolbox, and fill in your name, today's date, and appropriate money amounts.
 * 11) Don't forget to enter $100 for the starting total.
 * 12) Do this for both tills.
 * 13) Fold the sheets and put them in the left-most bill holding spot in the cash drawer.
 * 14) Open the door in the safe that is second from the bottom and put these fresh tills in there.

Cash Box
When making change, we try to keep the number of bills in the cash box as shown below. However, it's OK to change these amounts in order to create standard tills. These are the ideal amounts of cash denominations that we keep in the cash box:

Ten dollar bills:  6 ($60.00) Five dollar bills: 18 ($90.00) One dollar bills: 50 ($50.00) TOTAL:              ($200.00)

There are also will also be a varying supply of coins. Once in a while we get too much change and deposit all of it except:

Pennies:  15 ($ 0.15) Nickels:  15 ($ 0.75) Dimes:    15 ($ 1.50) Quarters: 120 ($30.00) TOTAL:       ($32.40)

Till Paperwork
Putting the paperwork in consistent order makes it much easier to track issues later. Bookkeeping will appreciate your efforts. Here's how to assemble the till paperwork. Front Desk reports and paperwork: Repeat this same process
 * First gather all of the credit card slips. Place the credit card report on top of the slips.
 * Now gather any other slips from the cash drawer (e.g. reimbursement, etc)
 * Place these other slips upside down behind the credit card slips.
 * Put the End of Shift report on top of these slips so the slips are in the upper right corner of the report.
 * Put the Till Worksheet by the cashier on top of the End of Shift report.
 * Put the Till Worksheet by the beancounter (if any) on top of the one by the cashier
 * Staple this pile and 3-hole punch the 8.5 x 11 sheets.

Deposit

 * Look near the Bookkeeping Toolbox for a container of deposit bags and manilla envelopes.
 * When possible, use the deposit bags from the bank first.
 * Photocopy the front side of the checks to be deposited. Copy at 78% to fit more onto a standard 8.5 x 11 sheet (letter sized).
 * Go back to the Till Worksheet on your screen. It should be for the Front Desk.
 * Leave the data entry for the check amounts and descriptions, but clear out the rest of the info in the yellow cells including the 100.00 for "A - Cash (start)".
 * Enter the amount of cash for each denomination.
 * Get a deposit slip from the Bookkeeping Toolbox.
 * At the top of the deposit slip, fill in "Free Geek", then enter the date that the register transactions occurred.
 * For "Cash" on the deposit slip, look on the Till Worksheet screen just above "Total" on the right side of the spreadsheet. Copy the cash total onto the deposit slip.
 * Skip the first line for "Checks" on the deposit slip. On the second line for checks, write the total of the checks from the Till Worksheet screen (top-right).
 * Total the cash and checks at the bottom of the deposit slip. Verify that this total matches the total on the Till Worksheet screen.
 * Print the Till Worksheet, then staple the copy of the checks to the back of the printout.
 * 3-fold this paperwork with the date of the Till Worksheet showing.
 * Put the paperwork, cash and checks into the deposit bag or envelope.
 * Put the bag/envelope into the same drawer of the safe as the cash box.
 * Make sure it's in date order with any other deposits already in the drawer.