Cash Handling Procedures Checklist ( FINANCE )

This checklist is designed to ensure proper procedures are followed for handling cash transactions in a business environment, minimizing risks and promoting accountability.

• Establish Cash Handling Policy

  Define a clear cash handling policy that outlines procedures for cash transactions, including responsibilities and limits.

• Designate Cashiers/Handlers

  Assign specific individuals as cashiers or cash handlers who will be responsible for handling cash transactions.

• Cash Register Preparation

  Ensure all cash registers or cash drawers are prepared with the required starting cash amount before the beginning of a shift.

• Daily Cash Reconciliation

  Perform daily reconciliations of cash registers to ensure that cash collected matches sales records.

• Secure Cash Storage

  Implement secure storage solutions for cash when not in use, such as cash safes or locked drawers.

• Transaction Documentation

  Document all cash transactions, including receipts, to maintain an accurate record for audits.

• Regular Training

  Conduct regular training sessions for all cash handlers to ensure they understand the cash handling procedures and policies.

• Audit Cash Handling Procedures

  Schedule periodic audits of cash handling processes to ensure compliance with established policies.

• Reporting Discrepancies

  Establish a clear procedure for reporting and investigating any discrepancies in cash handling.