Handling cash refers to the processes and procedures used by a company to manage, store, and process cash transactions. Effective management of handling cash requires clear policies and procedures for managing cash, including procedures for cash receipt, disbursement, and reconciliation. Properly managing cash can help to reduce the risk of errors, theft, or fraud, as well as ensure accurate financial records and compliance with accounting regulations and standards. Effective management of handling cash also requires proper training for employees involved in the cash handling process, as well as effective monitoring and oversight to ensure compliance with policies and procedures.
