CASH MANAGEMENT AT CLOSING

22/10/24, 23:31

CASH MANAGEMENT AT CLOSING Fabio Schiavello USER

What to do when Daily Sales & Cash reconciliation is finalized Prepare an envelope with the till float for the next day and put it in the safe for each cash drawer, dated and signed by the two people involved in the closing. If a Petty Cash Replenishment is needed, formalize the cash transfer to the petty cash and move it to the petty cash safe deposit box (remember to record it in the Petty Cash section of the E-Closing tool). Keep the remaining cash in a Sealed Bag provided by the Bank to prepare a Bank Deposit. All cash (till float, bank deposit, petty cash, additional cash) is kept in the safe. The procedures outlined above must always be performed by the two persons scheduled for the closing.

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Source: BOUTIQUE/CASH MANAGEMENT/CASH MANAGEMENT AT CLOSING.pdf