Difference between revisions of "Standard Cash Drawer"
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== Why a standard cash drawer? == | == Why a standard cash drawer? == | ||
A standard cash drawer has a specific amount of money in it, normally $100.00 so that we always have the same amount at the beginning of each shift, making the math easier to follow in bookkeeping. There are specific amounts of each demonination of currency, so that change can generally be easily made at the beginning of each shift. Here's the layout. Later on, this might change. These changes should be recorded on this page. | A standard cash drawer has a specific amount of money in it, normally $100.00 so that we always have the same amount at the beginning of each shift, making the math easier to follow in bookkeeping. There are specific amounts of each demonination of currency, so that change can generally be easily made at the beginning of each shift. Here's the layout. Later on, this might change. These changes should be recorded on this page. | ||
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'''Ten dollar bills:''' 3 ($30.00) | '''Ten dollar bills:''' 3 ($30.00) | ||
'''Five dollar bills:''' 9 ($45.00) | '''Five dollar bills:''' 9 ($45.00) | ||
| − | '''One dollar bills:''' | + | '''One dollar bills:''' 22 ($22.00) |
| − | '''Quarters:''' | + | '''Quarters:''' 9 ($ 2.25) |
'''Dimes:''' 5 ($ .50) | '''Dimes:''' 5 ($ .50) | ||
'''Nickels:''' 4 ($ .20) | '''Nickels:''' 4 ($ .20) | ||
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* Face the money (dead presidents' heads on top and all pointing the same way). This makes it easier to count (and to catch bills of the wrong denomination). | * Face the money (dead presidents' heads on top and all pointing the same way). This makes it easier to count (and to catch bills of the wrong denomination). | ||
* Ones go in the rightmost slot in the drawer and denominations get bigger as you move to the left. | * Ones go in the rightmost slot in the drawer and denominations get bigger as you move to the left. | ||
| − | * If there is not enough money of one denomination (for instance you need | + | * If there is not enough money of one denomination (for instance you need 22 ones, but you only have 21), you probably should make up the difference in smaller denominations (i.e. $1.00 in quarters). |
| − | * Use your judgement in what denominations are best. The main point is to leave | + | * Use your judgement in what denominations are best. The main point is to leave exactly the standard amount ($100.00) and to leave enough change for the cashiers to do their job. |
[[Category: Howto]] | [[Category: Howto]] | ||
[[Category: Accounting]] | [[Category: Accounting]] | ||
Revision as of 12:38, 25 April 2006
Why a standard cash drawer?
A standard cash drawer has a specific amount of money in it, normally $100.00 so that we always have the same amount at the beginning of each shift, making the math easier to follow in bookkeeping. There are specific amounts of each demonination of currency, so that change can generally be easily made at the beginning of each shift. Here's the layout. Later on, this might change. These changes should be recorded on this page.
Ten dollar bills: 3 ($30.00) Five dollar bills: 9 ($45.00) One dollar bills: 22 ($22.00) Quarters: 9 ($ 2.25) Dimes: 5 ($ .50) Nickels: 4 ($ .20) Pennies: 5 ($ .05) ------------------------------------ TOTAL: ($100.00)
Notes
- Face the money (dead presidents' heads on top and all pointing the same way). This makes it easier to count (and to catch bills of the wrong denomination).
- Ones go in the rightmost slot in the drawer and denominations get bigger as you move to the left.
- If there is not enough money of one denomination (for instance you need 22 ones, but you only have 21), you probably should make up the difference in smaller denominations (i.e. $1.00 in quarters).
- Use your judgement in what denominations are best. The main point is to leave exactly the standard amount ($100.00) and to leave enough change for the cashiers to do their job.