This summer, we are taking American money (USD) at an exchange rate of 120%. Therefore, every $1.00 USD is worth $1.20 CAD.
If a patron gives you American money and you want to know how much it is worth in Canadian dollars, multiply the USD amount by 1.2 (there should be calculators on counter and on every computer in the Start menu):
(USD)(1.2) = CAD
Enter the converted CAD amount into the "Tendered Amount" field on the payment window in AudienceView and make change as normal.
If you have Canadian money and you want to know how much it is worth in American dollars, divide the CAD amount by 1.2:
(CAD)/(1.2) = USD
Cash Sheets:
When doing up your cash sheet at the end of your shift, you report American money separately from Canadian money in the "Cash Summary" section.
Record the actual USD amount on the "U.S. Cash" line. There is room to show the calculation of the CAD value of the American money on the "Add Exchange" line (________@___%). Record the converted CAD value of the American money underneath the "Add Exchange" line and add it to your CAD and Cheque totals to find your final cash total.
