Unformatted text preview: After sending the checks and list to the cashier responsible for the daily deposits, they should add it into the daily cash receipts. After the cash and checks are accounted for, another employee should deposit the money into the bank. A manager or other qualified employee should do periodic checks of accounts receivables and amount the bank has annotated as received. These internal controls will help ensure that customer’s accounts are being correctly credited and employees are handling mail receipts properly. In addition to these controls rotating clerks, bonding employees and background check can also help safeguard against theft. Lachele Hardic CPA for Croix, Marias and Kale...
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- Spring '08
- English-language films, Cheque, daily cash receipts, mail receipts, Independent Internal Verifications