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What is a float in a till?

Updated: 10/31/2022
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16y ago

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A float is a pre-determined amount of cash (notes & coin) ie. at start or end of shift before any sales are put through. eg. My work has a float of $300.00 AUD which I have to count before I start my shift then again at end of shift or end of day. I deduct the $300.00 from the toal and the rest is banked in a drop safe with a balance sheet leaving a "float" of $300.00 for the next operator. -Grant

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Q: What is a float in a till?
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