What do we do with the money we collect?

Sophisticated Simon

Managers: Sales Managers

You will have a tub for money on the tuck shop stall.

At the end of break, Sales Managers put the money into the money bags labelled with the days of the week. 

This money needs to be put somewhere safe. Ask your Director or Supervisor where to store it.

Managers: Finance Managers

Once a week Finance Managers count the money.

  • They record the money in the Tuck Shop Manager File: Section 5, Page 2, Money In. This is money coming in to the business.
  • Once the money has been counted, the money can be given to the secretary for banking. Ask your secretary to sign the Money In sheet (page 2).
How do you count the money?

Count the money once a week so it doesn’t pile up. You could count it on a friday lunchtime.

  • Seperate the coins into piles i.e all the pound coins together, all the five pences together etc
  • Count the value of each pile.
  • Add the value of the piles together.

The money bags have the amounts of each coin written on the side. Try to fill as many bags as possible . Do not mix the coins in the bags.

The easiest way of counting the money is to use digital scales.

  • 1p & 2p - £1 bag weighs 357g
  • 5p & 10p - £5 bag weighs 328g
  • 20p & 50p - £10 bag weighs 161g
  • £1 & £2 - £20 bag weighs 192g

Use the Section 5: Page 3 Counting Money sheet to help keep track.