What is a formula for establishing a POS register cash fund for a small retail business?

The business makes around $14,000 of the sales from cash monthly, approximately 1/3 of this coming in the first week of the month.

Average daily sales the first week can be $45.00, average customer count, 35-47 customers.

Daily, four or five customers can give a hundred dollar bill. Depending on the amount of change due and the accumulation of smaller bills from sales in the drawer (how early in the day these $100's are given or how quick in succession they're given), ability to deliver change is affected.

What is a good amount for a register starting bank, and how would you break this amount down by denomination?

Hi, margar3t!

You're basically asking about how much money that you should have available in a Point of Sale cash register on a daily basis for the amount of customer traffic that you would have, based upon the time of the month and the types of denominations of bills that the customers use in making purchases, so that you would be able to distrubute change to the customers.

Would that be correct?

Thanks!

[QUOTE=Clough;2182051]Hi, margar3t!

You're basically asking about how much money that you should have available in a Point of Sale cash register on a daily basis for the amount of customer traffic that you would have, based upon the time of the month and the types of denominations of bills that the customers use in making purchases, so that you would be able to distrubute change to the customers.

Would that be correct?

Thanks!
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Exactly, and thanks for your reply.