Cash handling policy template 2025

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2016 4 Satisfied (45 Votes)
2010 4 Satisfied (46 Votes)
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Only authorised employees can handle company cash. Cash surpluses and deficits should be recorded and accounted for. The safe should be used to store all cash in the office. Cash drawers should be secured under lock and key when not in use.
Minimize cash on hand. How much cash you need to keep on hand depends on the volume of your business daily cash transactions. Use your monthly cash sales volume history as a guide in determining the adequate amount of cash you need to make change with customers and support any petty cash needs for your business.
Stewardship. The careful and responsible management of something entrusted to ones care. Accountability. One person has sole responsibility for a fund. Separation of Duties. Physical Security. Reconciliation.
We outlined the Five Cash Handling and Control phases: Accept Cash and Checks. Prepare Deposits. Deposit Cash. Reconcile Deposits. Report Losses.
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