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Cash Handling Policy Purpose: Stan hope Primary School is committed to ensuring that cash handling practices are consistent and transparent across the school. Stan hope Primary School will implement
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The purpose of a cash handling policy is to establish guidelines and procedures for the proper management, receipt, and disbursement of cash to ensure accountability, accuracy, and integrity in financial transactions.
Typically, all organizations or departments that handle cash transactions, including but not limited to retail businesses, service providers, and non-profit organizations, are required to file a cash handling policy.
To fill out a cash handling policy, organizations should outline the specific procedures for cash management, including responsibilities of personnel, methods for cash receipt and disbursement, security measures, and processes for reconciling cash balances.
The purpose of a cash handling policy is to mitigate risks associated with cash transactions, safeguard assets, ensure compliance with financial regulations, and maintain clear records for audit purposes.
The cash handling policy must report details about cash handling procedures, roles and responsibilities of staff, security protocols, cash flow management practices, and guidelines for audits and reviews.
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