Cash and treasury management

     Treasury management in a modern enterprise covers various areas and in a large business may be centralized function.

    Cash handling procedures should prevent fraud or theft.
    
    Cash handling procedures relating to receipts include:

                Proper Post - opening arrangement
                Prompt recording
                Prompt banking
                reconciliation of records of cash received and banked.

    Cash handling procedures over payments include:

                Restriction of access to cash and cheques
                Procedure for preparation and authorisation of payments.