This checklist is designed to ensure proper procedures are followed for handling cash transactions in a business environment, minimizing risks and promoting accountability.
Define a clear cash handling policy that outlines procedures for cash transactions, including responsibilities and limits.
Assign specific individuals as cashiers or cash handlers who will be responsible for handling cash transactions.
Ensure all cash registers or cash drawers are prepared with the required starting cash amount before the beginning of a shift.
Perform daily reconciliations of cash registers to ensure that cash collected matches sales records.
Implement secure storage solutions for cash when not in use, such as cash safes or locked drawers.
Document all cash transactions, including receipts, to maintain an accurate record for audits.
Conduct regular training sessions for all cash handlers to ensure they understand the cash handling procedures and policies.
Schedule periodic audits of cash handling processes to ensure compliance with established policies.
Establish a clear procedure for reporting and investigating any discrepancies in cash handling.