How to Count Money

Sort paper money. After counting the coins, you can move on to counting the banknotes. Basically, you do the same way you did with coins, which is to divide the banknotes into groups of the same denomination and calculate the value of each group of coins. The first step is to spread the banknotes on the table so that you can see each one clearly. Then put them in groups.

• For example, you have a group of $5 bills, a $20 bill, etc.
• Depending on how many banknotes you have, the calculation can be quite fast or a little long.
• If you have a lot of banknotes, start with the largest denomination. Put the $100, $50, and $20 bills into groups. Next, line up the $10, $5, and $1 bills.

Count and record groups of banknotes. Now that you’ve sorted your money into groups, all you have to do is count and count each group of money. If you have 5 $20 bills, that means $100. Just like coins, you can count each group of coins and write the amount on a piece of paper, then calculate the total value. If you are confident with your math ability and memory, you can do the math during the counting process and write down the final total value at the end.

• Another way is to create a table with a column header that states the denomination, lists the amount, and calculates the total.
• For example, if you have two $50 bills, three $20 bills, four $10 bills, two $5 bills, and six $1 bills, your total column would read: “100, 60, 40 , 10, 6.” You add up all those totals and the final value will hopefully be $216.