This checklist is designed to ensure that all cash transactions are accurately reconciled on a daily basis to maintain financial integrity and avoid discrepancies in cash management.
Gather all cash register tapes from each cashier for the day.
Physically count the cash in the register and ensure it matches the total on the register tape.
Document all cash sales from the register tapes in the cash reconciliation log.
Verify that the cash counted matches the amount deposited in the bank for the day.
If there are any discrepancies, investigate the cause and make necessary adjustments in the records.
Fill out the daily cash reconciliation report summarizing the cash count, sales, and discrepancies.
Submit the completed report to the finance manager for review and approval.