Glossary
Cash float
A cash float is a fixed amount of small cash you leave in the drawer at the start of each shift so you can give change.
What it means for a shop owner
Keep it fixed and written down by denomination, and count it at the start and end of the shift. If the end differs from it after taking out sales, there is an overage or shortage. Do not mix it with your profits.
A worked example
The float is 200. At the end of the shift the drawer holds 1450 and cash sales were 1250, so the difference is zero.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes