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How many deposit collection tasks can be converted to regular employees

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This instruction implements Air Force (AF) Policy Directive (AFPD) 34-1, Air Force Services. It establishes responsibilities, authorities, and procedures for controlling and protecting cash and

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How many deposit collection tasks can be converted to regular employees [PDF]

6 FAQs about [How many deposit collection tasks can be converted to regular employees]

What does a cash collection point supervisor do?

Count the cash and submit the cash & supporting documentation to the Cash Collection Point Supervisor at the end of their shift. Authorize various transactions, such as refunds, voids, and cash drawer reconciliations. Audit Control: No overlap in roles except with Departmental Cash Handling Role Administrator & Local Cash Handling Control Manager.

What does it mean to keep cash collections intact?

Keeping cash collections intact means that cash collections should equal cash deposits. For example, if the business collected $3,215 from customers today, the same amount must be deposited in the bank. This also means that you cannot use money from collections for other purposes, such as paying suppliers or petty expenses.

When should cash collections be deposited?

Ideally, daily cash collections must be deposited in the bank at the end of the business day. However, you can use a night depository if your business closes beyond banking hours but do this as practicable as possible.

When should Electronic Funds Transfer and direct deposit be used?

Electronic funds transfer and direct deposit shall be used where feasible and advantageous. Computer edit programs shall be used to the maximum extent possible to disclose or reduce the incidence of error in cash related transactions. Cash derived from collections and cash used for disbursements shall not be commingled.

What are the responsibilities of employees assigned cash related duties?

Employees assigned cash related duties shall be trained and must accept their responsibilities. Unnecessary clerical routines and handling of cash or cash related documentation shall be eliminated to lessen the risk of loss and exposure to errors. Electronic funds transfer and direct deposit shall be used where feasible and advantageous.

How often should cash handling procedures be resubmitted?

Cash Handling Procedures must be resubmitted every three years to remain up to date. Each unit must ensure that current and new staff handling cash meet the requirements of the staff certification process. Staff are required to complete the University of Iowa Cash Handling ICON course annually.

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