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Name three of cash handling best practices?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/15
Sheilla Rafanan
by Sheilla Rafanan , Cashier , CHREDCEL PHOENIX GAS STATION

Count money in cash drawers at the beginning of shifts to ensure that amounts are  correct and that there is adequate change

Receive payment by cash, check, credit cards, vouchers, or automatic debits

Issue receipts, refunds, credits, or change due to customers

Enamul Kabir
by Enamul Kabir , Asst. officer , Bank Asia ltd

Pay order

Letter of credit

Cheque 

Masood Akhtar Khan
by Masood Akhtar Khan , chiefe Taller/chief cashiet , MCB BANK

cash paid to customer neet and clean currency and cash carrying through atm machine and credit cards and debit cards

Aziz ur Rehman ur Rehman
by Aziz ur Rehman ur Rehman , Assistant Manager Finance , Central Power Puchasing Agency (CPPA)

cash carrying trhough machines ATMs etc

Checks

credit cards

Ahmed Adel
by Ahmed Adel , Credit Analyst , Arab Bank

Include adding machine tapes of the checks and credit card receipts with your deposit to the cashier's office.
Practice dual custody by completing the deposit form/slip with another person whenever possible.
Make sure you balance cash/receipts to your deposit.
Report any losses (including over or short amounts.) Keep a copy for your records.

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