1.Do not permit any one employee to handle a transaction from beginning to end.
2.Separate cash handling from recordkeeping.
3.Centralize receiving of cash to the extent practical.
4.Record cash receipts on a timely basis.
5.Encourage customers to obtain receipts and observe cash register totals
6.Deposit cash receipts daily.
- 7.Make all disbursements by check or electronic funds transfer, with the exception of
- small expenditures from petty cash.
8.Have monthly bank reconciliations prepared by employees not responsible for the issuance of checks or custody of cash. The completed reconciliation should be reviewed promptly by an appropriate official.
- 9.Monitor cash receipts and disbursements by comparing recorded amounts to forecasted