Cash Control Procedures by Melissa Magnusson https://padlet.com/melissa_magnuss/5d4ev3gkujcy Cash - the liquid asset - like a precious metal (gold) when you are in business . . . en-us 2018-05-24 23:26:34 UTC 2021-06-18 02:52:24 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png Variations in Cash Control with Deposit Slips melissa_magnuss https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263501727 In this class, I attempted to make clear that the deposit slip should not be signed or initialized until the person making the deposit is standing in front of the teller . . . one of my students in the class (a year or so ago) who worked at one of the Co-op stores said she had to initialize the deposit slip each night after cashing out even though the deposit was not being taken to the financial institution that night. Why would she have to do that? Do you know of any other ways the final cash out of the night may be handled differently from what was presented in class?]]> 2018-05-24 23:33:06 UTC https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263501727 Cash Control-Smash Control - What is the BIG deal??? melissa_magnuss https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263502764 Why is there such a fuss over how cash or payments are received by a business? Should anyone related to the business be able to accept payments and deal with them?]]> 2018-05-24 23:41:00 UTC https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263502764 Clean PRC and REP Needed to Handle Payments melissa_magnuss https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263503007 The information from one of the American universities requires a clean Police Record Check (PRC) and a good reputation with previous employers (REP) in order for a person to be considered to handle money. Is it really necessary? Why?]]> 2018-05-24 23:42:55 UTC https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263503007 Remember to sign your posts/comments so I know to whom the mark(s) should be assigned!! melissa_magnuss https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263503327 2018-05-24 23:46:01 UTC https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263503327 No More Pennies melissa_magnuss https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263505095 With the abolition of the penny in Canadian currency (when paying with actual cash), there will be cases of cash over/cash short. How can that be accounted for in the cash control procedures?]]> 2018-05-25 00:00:57 UTC https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263505095 Regardless if There is an APP for That, Check Your Bank Statement!! melissa_magnuss https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263505735 Look what can happen if you don't check your bank statement and track what should be in your account (Click on the picture below). Is it really such a big deal?]]> 2018-05-25 00:06:05 UTC https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/263505735 https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/335527592 I think that she had to sign it every night to make sure that no one else could change it. This also shows that she was finished with it so no changes could be made so if she wasn't working the next day, the other people would know. Another way this could be done is electronically. Leah Macfarlane]]> 2019-02-26 17:59:54 UTC https://padlet.com/melissa_magnuss/5d4ev3gkujcy/wish/335527592