Cash handling procedures are critical to safeguard the most liquid assets of any company. This document provides detailed procedures for various cash controls.
Some procedures provided in this sample include: handling of cash receipts received in the mail/lock box; how to properly fill out a deposit slip; how to properly apply payments to accounts receivable; how to properly record wire transfers; how to properly compile the outstanding checklist at the end of each month for use in properly reconciling the bank statement; how to properly perform the monthly bank reconciliation; how to properly record bank interest income; and how to properly record the monthly bank charges.