This policy provides procedures for managing and accounting for a company’s cash funds. The intended use of this policy is for offices and subsidiaries of a company.
Procedures listed within this document are related to managing the following: cash receipts, cash disbursements, cash reconciliation, and petty cash. To provide an example, the cash disbursement policy within this document states that requests for electronic transfer disbursements must be documented and properly approved before they can be initiated in the system and submitted for processing. The chief financial officer, the corporate controller or the corporate accounting manager must approve requests for transfers less than a predetermined amount.