Daily Cash Report Review ( OPERATIONS )

This checklist outlines the steps necessary to review and verify the daily cash report, ensuring accuracy and compliance with financial policies.

• Collect Daily Cash Reports

  Gather all cash reports from different departments for the day.

• Verify Cash Amounts

  Check the reported cash amounts against physical cash on hand.

• Review Transaction Logs

  Examine transaction logs to ensure all cash inflows and outflows are accurately recorded.

• Check for Discrepancies

  Identify any discrepancies between the cash report and transaction logs, and investigate further.

• Compile Summary Report

  Create a summary report of the cash review findings, noting any issues and resolutions.

• Submit for Manager Approval

  Present the summary report to the management for approval and further action if needed.