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SECTION:Treasury SUBJECT: Cash Handling Process Credit Card Documented Procedures for Terminals & Payment Applications APPLIES TO: Receiving, batching and reconciling credit card transactions where
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01
Start by counting the cash on hand and record the amount.
02
Separate the cash into different denominations for easier tracking.
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Keep a log of all cash transactions including sales, deposits, and withdrawals.
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Implement a system for verifying cash amounts at the beginning and end of every shift.
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Store cash in a secure location and limit access to authorized personnel only.
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Train employees on proper cash handling procedures to minimize errors and theft.

Who needs cash handling and management?

01
Businesses that deal with cash transactions on a regular basis such as retail stores, restaurants, and financial institutions.
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Any organization that wants to maintain accurate financial records and prevent losses due to mishandling of cash.

What is Cash Handling and Management (Cash, Checks, Credit ... - finance umich Form?

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Cash handling and management refers to the process of receiving, disbursing, and accounting for cash transactions within an organization.
Typically, employees who are responsible for handling cash in an organization are required to file cash handling and management reports.
Cash handling and management reports can be filled out by documenting all cash transactions, including receipts, disbursements, and balances.
The purpose of cash handling and management is to ensure that all cash transactions are accurately recorded and accounted for to prevent fraud and theft.
Information that must be reported on cash handling and management includes the amount of cash received, disbursed, and any discrepancies or variances.
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