Adequate supervision over cashiers, including cash handling, cash register balancing, and monitoring overs and shorts.Cash overages are identified and deposited. ![]() Cash shortages are identified, followed, and collected.Comparison of credits on the Organization's accounting report with the validated deposit slips.Timely deposits, made intact with no cash receipts retained, borrowed, or expended.Adequate physical security over cash (during both storage and transfer).Cash receiving and cash accounting are separated.Delegation of authority to receive cash to a specific person(s).Periodic management review of revenue data for trends such as: unexplained variations in sales or sales of certain product lines, changes in ratios such as inventory turnover or shrinkage, comparison of budgeted to actual revenue, etc.Deposits are reconciled monthly to the Organization's accounting reports. ![]()
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