Record of Receipt

Cash must be recorded as soon as it is collected.  The individual recording the cash receipt should have no further involvement in its handling, recording, deposit, or reconciliation.  A receipt must be issued to the individual presenting payment, indicating the date, amount and type of payment.  Voided receipts or transactions should generally be approved by supervisory personnel, and all copies of voided receipt forms should be retained.

 

Comments to De Anne Otto
Last modified on 08/21/08