This checklist ensures that all cash handling processes are conducted accurately and securely on a daily basis, minimizing the risk of discrepancies and ensuring proper financial management.
Begin by counting the cash in the register or safe to establish the starting balance for the day.
Document the counted opening cash balance in the financial log for transparency.
Ensure all cash receipts from the previous day are verified against the sales records.
Process cash transactions throughout the day, ensuring to keep track of sales and cash disbursements.
At the end of the day, count the cash in the register or safe to determine the closing balance.
Document the counted closing cash balance in the financial log and compare with expected values.
Prepare the cash deposit for the bank, ensuring that all denominations are organized and counted accurately.
Record the cash deposit in the financial log, specifying the total amount and date of deposit.
Ensure that all cash is securely stored in the safe or banked as per company policy.