What is the proper procedure for handling cash transactions?

The proper procedure for handling cash transactions is to ensure accuracy and to count cash both at the beginning and at the end of the shift. This approach is essential for several reasons.

First, counting cash at the beginning of the shift ensures that all employees are starting with an accurate cash base, identifying any discrepancies right away. This practice helps in preventing loss or theft since any shortage can be addressed immediately.

Second, counting cash at the end of the shift allows for reconciliation against the sales records. It helps confirm that all transactions have been recorded accurately and verifies that there are no errors or discrepancies remaining at the end of the operating period. This dual counting process provides a working system of checks and balances, promoting accountability among staff members.

Additionally, following this procedure can prevent potential issues with cash management and ensure that the financial integrity of the business is maintained. By upholding these standards, Tropical Smoothie Cafe can also foster trust and reliability in its financial operations.