This checklist ensures that daily cash management tasks are completed efficiently, accurately, and consistently to maintain financial integrity and operational smoothness.
Check the cash balance at the beginning of the day against the previous day's closing balance.
Document all cash receipts and disbursements for the day in the cash management system.
Ensure that the physical cash in the cash drawer matches the recorded cash balance at the end of the day.
Compile all cash transactions and prepare a daily cash report to summarize cash inflow and outflow.
If there is any surplus cash beyond operational needs, prepare and schedule a deposit to the bank.
Check compliance with cash handling policies and identify any areas for improvement.