This checklist ensures that cash handling procedures are followed correctly on a daily basis to minimize errors and enhance financial accountability. It covers the collection, counting, and reporting of cash in operations.
Gather all cash from the registers at the end of the operating day for counting.
Count the cash collected carefully, ensuring that all denominations are accounted for.
Compare the counted cash with the total sales recorded in the system to identify any discrepancies.
Fill out a cash handling report detailing the amount collected, any variances, and the reasons for them.
Place the cash into a secure safe to protect it until it can be deposited.
Prepare the cash deposit slip and package the cash securely for bank deposit.
Plan a time for the deposit to be made at the bank, ensuring it aligns with the bank's operating hours.