› Small Business Forums › Business Mathematics › Random Question On Counting Change
I was asked this the other day and now I’m curious. Is there a right and wrong way to count back money to someone when you are giving change. I’ve been told there is but I never learned it so I wanted to ask others.
I actually saw this while going through their timesheets blog (https://www.timesheets.com/blog/2014/04/business-math-series-teach-employees-count-change-back/)
“Steps to Count Change 1. Start with the pennies to reach a multiple of 5 or 10.
2. Next use a nickle or a dime as you get to a multiple of 25.
3. Use quarters until you reach a dollar.
4. Use one dollar bills until you reach a multiple of 5 or 10.
5. Use five dollar bills until you reach 10 or ten dollar bills until you reach 20.”
You go over more detail on their website.
I didn’t realize there was a correct way to count change lol I always just by habit did the largest bills first.