Cash Handling Procedures Checklist ( FINANCE )

This checklist outlines the essential steps for handling cash transactions securely and effectively within the organization, ensuring accuracy and compliance with financial policies.

• Verify Cash Inventory

  Count and verify the total cash available at the start of the shift to ensure it matches the expected cash balance.

• Secure Cash Storage

  Ensure that all cash is stored securely in a locked cash register or safe, accessible only to authorized personnel.

• Record Transactions

  Accurately record all cash transactions in the financial system immediately as they occur to maintain real-time balance updates.

• Perform Cash Reconciliation

  At the end of each shift or day, reconcile the cash drawer against recorded transactions to identify any discrepancies.

• Report Discrepancies

  If any discrepancies are found during reconciliation, report them immediately to the finance supervisor for investigation.

• Deposit Excess Cash

  Deposit any cash exceeding the predetermined threshold into the bank daily to minimize risk of loss.

• Review Cash Handling Procedures

  Regularly review cash handling procedures with all staff involved to ensure compliance and make necessary adjustments based on observed issues.