Posts Tagged ‘cash receipt’

Basic Cash Receipts Controls

Posted on February 7th, 2008 by by admin

The preceding control systems were all designed primarily for the receipt of payments made by check. But what if the primary form of payment is cash? Unlike checks, cash is completely untraceable, and so is the preferred asset to steal. Thus, cash handling calls for tighter physical controls. The essenĀ­tial cash receipts process flow is [...]