Cash control is one of the main accounting activities, as it allows a company to have a clear and accurate view of its finances. The cashier is the place where cash values are stored and, therefore, it is important that there is strict control over the values that enter and leave.
To carry out the cash control, it is necessary to follow some steps. The first is opening the cashier, which must be done daily. At this stage, it is important that the initial value is recorded, so that it is possible to verify if there was any variation throughout the day.
After opening the cash register, it is necessary to record all cash inflows and outflows. Inputs can come from sales, receipts from customers, loans, among others. Outputs can refer to purchases, employee payments, fixed expenses, among others.
It is important that all movements are registered in a cash book or in a computerized system. This record must contain the date, amount, origin and destination of the money. In this way, it is possible to have a complete history of the company's financial movements.
In addition, it is important that the cashier is closed daily, so that it is possible to verify that the final value is in line with expectations. If there is any difference, it is necessary to identify the cause and correct it immediately.
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Cash control is fundamental for the financial health of a company. With it, it is possible to identify excessive expenses, analyze income and expenses, control cash flow and make more precise and strategic decisions.
