News

How much money should you start with in a cash register?

Views : 94
Update time : 2022-10-10

The amount of money you should start with in a cash register is between $100 and $150. Also, a good rule of thumb is to keep at least $20 on a dollar bill and $20 on a $5 bill. That amount allows you to return the change to your customers within one sales shift. The exact amount can vary from business to business, but make sure your employees have cash on hand in their cash drawer before each shift.

How do you not be short on cash registers?

To avoid getting short on a cash register, you can follow these 7 tips:

  • Check cash register before starting each shift
  • Make sure your employees know how to set up money in a cash register
  • Keep money straight and keep them organized during shifts
  • Readout loud the amount returned to the guest so that you and they both understand
  • Always give receipts to customers
  • Check $50 and $100 bills with a counterfeit detector (if applicable)
  • Complete a transaction before starting a new one

How do you count down a register?

When you count down a register after each shift and reconcile revenue and expenditure, you’ll reduce the possibility of theft and check for any possible errors for the correct invoice amount for the day. Here is the standard procedure to count down a register:

Step 1: Calculate the total amount available at the end of the day

Add up the total amount of the initial cash in the cash register and the amount you receive for the day. The amount in the cash drawer needs to be equal to the sum of these two numbers. Note down the total cash and change as you count.

Step 2: Calculate the amount on the bill

Place all the bills on the counter, all facing in one direction, and count them. Start with the highest bills first. Write down the amount during the counting.

Step 3: Calculate money at face value

Arrange cash into stacks according to face value. Then, write the total amount of each of these denominations on a separate line on your piece of paper.

Step 4: Count down the change

For example, if the highest bills are 2 of $100 bills, you’ll write out 2 X $100, and that’s $200 in total. Repeat that process for each smaller invoice size, then for the variation.

Keep change in a separate compartment for better tracking. Then, write down the totals as you continue.

Step 5: Reconcile and compare

Add up the total of the cash drawer and compare it with the number in step 1. The amount must match. If not, recount it. If it still doesn’t match, check under the cash drawer to ensure no money has fallen into it.

If you’re missing or redundant, record this and check where the difference comes from.

Send your message to us