Cash Management Procedures Checklist ( FINANCE )

This checklist outlines the essential steps for managing cash effectively within the organization. It ensures that cash inflows and outflows are properly monitored and controlled, minimizing risks and optimizing liquidity.

• Review Cash Position

  Analyze the current cash balances and determine available cash for operations and investments.

• Forecast Cash Needs

  Estimate future cash requirements based on upcoming expenses and revenue projections for the month.

• Monitor Cash Receipts

  Track all incoming cash from sales, collections, and other sources to ensure timely recording and reconciliation.

• Manage Cash Disbursements

  Review and approve cash outflows for expenses, ensuring they align with the cash forecast and available cash balance.

• Reconcile Cash Accounts

  Perform monthly bank reconciliations to ensure that the cash records match the bank statements, identifying any discrepancies.

• Implement Cash Controls

  Establish procedures and policies to safeguard cash assets and prevent unauthorized access or fraud.

• Review Cash Management Policies

  Regularly assess and update cash management policies to adapt to changing business needs and regulatory requirements.