Cash Handling Procedures Checklist ( FINANCE )

This checklist is designed to ensure proper cash handling procedures are followed to maintain security, accuracy, and compliance with financial policies.

• Secure Cash Storage

  Ensure that cash is stored in a locked safe or secure drawer at all times when not in use.

• Daily Cash Count

  Perform a daily cash count at the start and end of each working day to track cash on hand.

• Cash Receipts Documentation

  Document all cash receipts immediately using pre-numbered receipts for accountability.

• Limit Cash Transactions

  Minimize cash transactions by encouraging electronic payment methods whenever possible.

• Cash Deposit Procedure

  Follow the procedure for daily cash deposits to the bank, ensuring that deposits are made promptly.

• Reconcile Cash Accounts

  Reconcile cash accounts weekly to ensure that all cash transactions are accurately recorded.

• Audit Trail Maintenance

  Maintain a clear audit trail of all cash transactions, receipts, and deposits for future reference.

• Staff Training

  Provide regular training to staff on cash handling procedures and security measures.

• Incident Reporting

  Establish a procedure for reporting any cash discrepancies or theft incidents immediately.

• Review and Update Procedures

  Regularly review and update cash handling procedures to ensure compliance with the latest financial regulations.