Calculating Drop For A Restaurant In Excel

[mdsurf]

Hello everyone, I have a very specific excel question in regards to calculating the daily cash drop for a restaurant. Every day at my restaurant we start with $300 in the cash drawer across all amounts of change and bills. At the end of the day, the person closing counts the total amount of cash, then takes out $300 for the next day, and deposits the remaining cash into a safe (the cash sales for the day). We always want to put the largest bills in the safe first and have the smaller bills in the drawer to start the next day (plus all the change). I'm trying to figure out a way in excel for the employees to know quickly and easily how many of each bill to put into the safe.

So for example we might end the day we might have $837.54 in the register. This means person closing needs to put $537 (we always round down) into the safe using the biggest bills first. Let's say the bill break down is as follows

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Denomination	Number	Value
$0.01	79	$0.79
$0.05	55	$2.75
$0.10	80	$8.00
$0.25	60	$15.00
$1.00	111	$111.00
$5.00	30	$150.00
$10.00	10	$100.00
$20.00	10	$200.00
$50.00	3	$150.00
$100.00	1	$100.00
	Total	$837.54
	Drop Amount	$537.00

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Is there a way in excel to use this information to get the $537 using the biggest bills first? That way employee doesn't have to calculate anything on their own, they can just grab the bills the need to put into safe?

Any help is much appreciated.

Thanks!

 

[rpaulson]

Unloaded a file here.

http://www.computermaninc.net/Drop Calulator.xlsx

hth,

Ross

 

[Eric W]

I don't know what Ross created, but here's a formula option:

	A	B	C	D	E	F	G	H
1	Denomination	Number	Value	Amt to leave	Bills to take		If availa ble, leave:	Bills to take
2	$0.01	79	$0.79	$ 300.00
3	$0.05	55	$2.75
4	$0.10	80	$8.00
5	$0.25	60	$15.00
6	$1.00	111	$111.00		2		1	22
7	$5.00	30	$150.00		1		5	25
8	$10.00	10	$100.00		8		5	5
9	$20.00	10	$200.00		10		3	7
10	$50.00	3	$150.00		3		1	2
11	$100.00	1	$100.00		1		0	1
12		Total	$837.54
13		Drop Amount	$537.00		$ 537.00			$ 537.00

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Sheet4​

Worksheet Formulas Cell Formula E6 =MIN(INT(($C$12-$D$2)-SUMPRODUCT(A7:A$12+0,E7:E$12+0))/A6),B6) E13 =SUMPRODUCT(A6:A11,E6:E11) H6 =MEDIAN(INT((($C$12-$D$2)-SUMPRODUCT(A7:A$12+0,H7:H$12+0))/A6),B6-G6,0) <tbody> </tbody>

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Put the E6 formula in and drag down to E11. The E13 formula is just there to verify that the counts in E6:E11 add up right. It's a "greedy" method, taking biggest bills first. I'd kind of think that you'd want a few more 10s and 20s though. If you want to leave a minimum number of certain types of bills, you can create a column in G with the number of bills you want left in the till, then use the variation of the formula in H6.

 

[mdsurf]

Thank you both for the replies, has been incredibly helpful!!!