Cash Handling
Cash handling refers to the process of managing cash transactions in a business. This includes receiving cash from customers, giving change, and securely storing cash until it is deposited in a bank. Proper cash handling procedures help prevent theft and errors, ensuring that financial records are accurate.
Effective cash handling involves training employees on best practices, such as counting cash accurately and using a cash register. Businesses often implement systems like point-of-sale (POS) systems to streamline transactions and track cash flow. Regular audits and reconciliations are also essential to maintain financial integrity and accountability.