Preparing Cash Drawer
Another name for the cash drawer
What is the till?
What is one roll of pennies equal to?
50 pennies or 50 cents
What are the 2 common amounts of change funds
$50 and $100
The combination of a bar code and numbers used to identify a product
UPC- Universal Product Code
Announce the total, Announce how much money the customer gave you. Say out loud the amount of change due back, count up from purchase price
The amount of money placed in the cash drawer at the beginning of the day
What is Opening cash fund?
What is one roll of nickels equal to?
40 nickels or $2.00
What order is currency and coins placed in the cash drawer/till?
From left to right Largest to smallest denominations
Record sales, storing cash, provide receipts
Customers total is $13.45, they pay with a $20, how do you make change (act out all steps) and how much change is due
What is currency?
Paper money
What is one roll of dimes worth?(how many coins & $)
50 dimes or $5.00
What are 2 reasons the change fund can be different ?
changes in the # of customers expected & Customer habits
What are the 5 steps to operating a cash register?
Turn the register on, Sign In, enter the first item or scan the UPC, When finished press Subtotal or Finish Sale, Type amount received, Place money paid on ledge and count back change
A sales method that keeps merchandise in storage until the customer finishes paying for it
Layaway
What is denomination?
40 quarters or $10
What are the step to verify change fund?
Count the coins, write it down
Count the currency, write it down
Find the Total and compare to the amount said
What are some reasons why we need to handle cash properly?
Minimize disputes over amount paid, accurate reports of sales and cash, balance your cash at the end of the day, can lose your job for errors, helps maintain inventory
What's the difference between Credit and Debit?
Credit you have to pay back with interest, Debit is taken out of your bank account immediately .
The process of exchanging one denomination of money for an equal amount of another denomination
What is buying change?
Where are rolled coins placed in the cash drawer? (what side)
far left side of the drawer
Why do we need to check our change fund supply throughout the day?
To know if you need more change, to be able to give change
What are the 2 methods for making change?
With the POS system(display) without a POS, counting up
What is an example of Cash on Delivery sales?
Pizza Delivery