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Cash Handling and Close

Why should you keep an accurate deposit log for every bank drop made?

Close the trail from the drawer all the way to the bank.

Why should you keep an accurate deposit log for every bank drop made?
Photo: Unknown via Openverse

The trail should not end at the count

Counting the drawer is only part of the story, because the money still has to reach the bank. A gap between count and deposit is where questions live.

A deposit log closes that gap, recording exactly what went to the bank and when.

Match deposits to closes

Each deposit should tie back to the day's reconciled total, so the two always agree. A mismatch is a flag worth checking immediately.

Keeping deposits linked to closes makes the whole trail from register to bank verifiable.

Answer questions days later

A question about a deposit often comes days after the fact, when memory is useless. A dated log answers it instantly.

That record protects the manager and the business when anyone needs to trace the money.

Make logging routine

A deposit log only works if every drop is recorded, so it has to be part of the close routine. A skipped entry breaks the trail.

Recording the deposit as the final step of the close keeps the log complete without extra effort.

Key takeaways
  • The trail must reach the bank
  • Match each deposit to its close
  • A dated log answers later questions
  • Make deposit logging routine
Julien Jimenez
Written by

Julien Jimenez

Julien Jimenez is an independent software builder based in Paris. He designs, ships, and operates focused SaaS products for small businesses and independent professionals. Read the full author page.

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