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  1. community.pepperdine.edu › finance › contentPetty Cash Fund Custodian Instructions and Responsibilities

    Petty Cash Fund Custodian Instructions and Responsibilities. Departments may establish a petty cash fund when cash on hand is needed, on a revolving basis, for the payment of small recurring expenses of $100 or less. The use of petty cash to make purchases is an exception to the formal procurement methods.

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  3. nextinnovationasia.com › blog › hr-petty-cashHR Petty Cash Handling: Roles and Responsibilities - NIA Blog

    Petty Cash Custodian: The petty cash custodian is typically assigned by the HR department and is responsible for the safekeeping of petty cash funds. They are entrusted with the physical cash and are accountable for its security and accuracy.

  4. afr.fo.uiowa.edu › cash-handlling › cash-handlingCash Handling Roles & Responsibilities | Accounting and ...

    • Department Cash Handling Role Administrator
    • I. Local Cash Handling Control Manager
    • II. Biller
    • III. Cash Collection Point Cashier
    • IV. Cash Collection Point Supervisor
    • V. Deposit Preparer
    • VI. Reconciler

    Policy: Required Role This person can be the Department Administrator (DA) or any other individual deemed appropriate by the Business Officer. We recommend that this person be someone different than any of the individuals in the other roles. However, if no other option is available, we strongly recommend that role overlap is limited to only the Loc...

    See full list on afr.fo.uiowa.edu

    Policy: Required Role We recommend that this person be someone different than any of the individuals in the roles. However, if no other option is available, it may be the same person as the Cash Collection Point Supervisor. Description of Role 1. Maintain strong internal controls for payment collections at the payment receipt location level and saf...

    See full list on afr.fo.uiowa.edu

    Policy: Optional Role We recommend that this person be a different individual than any of the other roles. However, if no other option is available, it may be the same person as Reconciler. Description of Role 1. Create and send invoices. 2. Record sales as appropriate. 3. Update the accounts receivable system. Audit Control: No overlap in roles ex...

    See full list on afr.fo.uiowa.edu

    Policy: Required Role We recommend that this person be a different individual than any of the other roles. However, if no other option is available, it may be the same person as Deposit Preparer. Description of Role 1. Conduct cash transactions with customers 2. Provide a receipt to customer paying in person. 3. Endorse all checks immediately upon ...

    See full list on afr.fo.uiowa.edu

    Policy: Optional Role We recommend that this person be a different individual than any of the other roles. However, if no other option is available, it may be the same person as Local Cash Handling Control Manager. Description of Role 1. Monitor cash receipting functions. 2. Authorize various transactions, such as refunds, voids, and cash drawer re...

    See full list on afr.fo.uiowa.edu

    Policy: Required Role We recommend that this person be a different individual than any of the other 5 roles. However, if no other option is available, it may be the same person as Cash Collection Point Cashier. Description of Role 1. Retrieve & count cash receipts from the business day. 2. Prepare the deposit. 3. Store the cash in a secure location...

    See full list on afr.fo.uiowa.edu

    Policy: Required Role We recommend that this person be a different individual than any of the other roles. However, if no other option is available, it may be the same person as Biller. Description of Role 1. Verify that the Deposit Preparer has deposited all cash received. 2. Reconcile eDeposit forms to the supporting documentation and to the Tran...

    See full list on afr.fo.uiowa.edu

  5. blog.pleo.io › en › petty-cash-custodianHow to choose your petty cash custodian - Pleo Blog

    Sep 11, 2022 · The petty cash custodian is the librarian of the petty cash box. Also known as a petty cash manager or keyholder, this person’s responsibilities range from petty cash disbursements approvals, logging the records and overseeing day-to-day management of the petty cash .

  6. onlineaccountingtips.com › petty-cash-managementPetty Cash Management: Guidelines For Petty Cash Handling

    Aug 21, 2023 · Once you’ve designated a petty cash custodian, it’s vital to provide them with proper training. Ensure that they understand their responsibilities, including how to handle incoming requests for petty cash, verify receipts, and reconcile the fund regularly.

  7. www.indeed.com › career-development › petty-cashWhat Is Petty Cash? How It Works and How To Use It

    Aug 15, 2024 · If the petty cash fund is larger than needed, the petty cash custodian deposits the excess amount back to the company's checking account. To reflect a decrease in the fund, the custodian debits cash and credits petty cash for the amount deposited to the company's checking account.

  8. accountinginsights.org › modern-petty-cashModern Petty Cash Management: Best Practices and Solutions

    May 25, 2024 · This individual is responsible for overseeing the fund, disbursing cash, and maintaining accurate records. The custodian’s role is crucial in ensuring that all transactions are documented and that the cash on hand matches the recorded amounts.

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