Enjoying the preview?
This is the free first lesson. Get full access — request a demo or sign in.
Cash Handling and End-of-Business Day Procedures
Learn safeguards for cash transactionsPreview the first lesson free — get full access to all 4 lessons.
Essential Provider : KnowledgeCity 4 Lessons · 14m in English
Course Description
Many businesses have policies and procedures in place to show how cash transactions should be handled and which safeguards to use to protect the business and its employees. This information is used to supplement those policies; not replace them. To protect your organization and your employees, it is best to standardize the cash-handling process. Cash from business transactions must be accounted for and processed for deposit into a bank. In these lessons we will review key questions for developing policies and procedures, the type of pre-employment checks you can do, and cash handling internal controls and best practices.
What You'll Learn
- Develop policies and procedures for cash-handling positions
- Recall the benefits of pre-employment background checks and bonding
- Identify internal controls for cash handling
- List protocols for preparing and transporting bank deposits
- Review key questions for developing cash-handling procedures
Key Takeaways
- Standardizing the cash-handling process helps protect an organization and its employees.
- This information is meant to supplement existing cash-handling policies and procedures, not replace them.
- Cash from business transactions must be accounted for and processed for deposit into a bank.
- Pre-employment checks, such as background checks and bonding, are conditions of employment for cash-handling roles.
- Internal controls and best practices apply to cash handling as well as to preparing and transporting bank deposits.
Frequently Asked Questions
What does this course cover?
It reviews key questions for developing cash-handling policies and procedures, the types of pre-employment checks you can do, cash-handling internal controls and best practices, and protocols for preparing and transporting bank deposits.
What will I learn to do?
You will learn to develop policies for cash-handling positions, recall the benefits of pre-employment background checks and bonding, identify internal controls for cash handling, and list protocols for preparing and transporting bank deposits.
Will this course replace my organization's existing cash-handling policies?
No. The information is intended to supplement existing policies and procedures, not replace them.
What skills does this course help build?
It supports skills including cash handling, cash management, cashiering, deposit preparation, payroll practices, and cash handling certification.
What lessons are included?
The lessons are Key Questions for Cash-Handling Procedures; Conditions of Employment: Bonding and Background Checks; Cash Handling Internal Controls; and Preparing and Transporting Bank Deposits.
