bagsla.blogg.se - What is an icq position

Comparison of credits on the Organization's accounting report with the validated deposit slips.Timely deposits, made intact with no cash receipts retained, borrowed, or expended.Adequate physical security over cash (during both storage and transfer).

Cash receiving and cash accounting are separated.Delegation of authority to receive cash to a specific person(s).Periodic management review of revenue data for trends such as: unexplained variations in sales or sales of certain product lines, changes in ratios such as inventory turnover or shrinkage, comparison of budgeted to actual revenue, etc.

Deposits are reconciled monthly to the Organization's accounting reports.

Balancing procedures, e.g., when cash registers are used.

A method for accumulating revenue such as a point of sale (POS) system.

Documentation of every sale of goods or services with a cash register entry, a pre-numbered receipt form, an invoice, etc.