What Is Cash Handling?

Inventory cash refers to the currency deposited in the corporate accounting department and managed by the cashier. Inventory cash is the most liquid asset of an enterprise. An enterprise should strictly abide by the relevant cash management system of the country, properly calculate cash receipts and payments, and monitor the legality and rationality of cash use. ^[1]

cash in stock

Accounting of cash in commercial enterprises:

1. Staff wages,

Several methods to properly deal with cash violations:

Inventory cash is an important procedure to confirm the existence of cash listed on the balance sheet, and it is an essential technical method for reviewing cash. In the actual audit process, when we took stock of the audited unit's cash, we found such things as long and short cash, white bars arrived in the warehouse, storage of personal belongings, and personal passbooks, which caused major hidden dangers of unit fund violations. Attach great importance to auditors.

In view of the above, after the inventory is completed, the auditors should further review the problems that occurred in the inventory, analyze the reasons for the inventory cash surplus or inventory loss, and put forward handling opinions in accordance with relevant regulations:

It is recommended that the cash kept in excess of the limit be deposited in a timely manner;

For the long and short money problems, the reasons and responsibilities should be identified, and the review must not be relaxed because it is a long money;

The receipt and payment vouchers that have not been recorded and meet the requirements of the financial system shall be recorded in a timely manner in accordance with regulations to ensure the authenticity and accuracy of accounting information;

For debits that do not meet the financial system requirements, recover the money as required. For white bar expenses, explain the reasons and ask them to exchange for formal notes;

For the stored personal belongings and personal passbooks, detailed records should be made, and the personal passbooks should be reviewed to check whether there are private deposits of public funds and the use of personal passbooks to transfer funds, and ask the cashier to explain.