The various functions which the tellers (computer operators and cashier) have to perform in CBS are briefly explained as under:-
Cash Drawer is the electronic cash as maintained in the system, where the cash balance available in the system is shown with the various denominations.
Entries are released by the system to account for the movement of cash from vault / safe to the Head Cashier, in the BGL Cash on Hand account.
After taking out the cash from the vault and making the necessary entries in Till Register, the Vault Teller will transfer the entire cash to Head Cashier. The system will account for this transfer and the balance in the BGL (A/c. No. 90211) will become ZERO in the morning.
The Head Cashier will receive the cash and then distribute it to the computer operators, through the system as well as physically. Thus, the cash drawers of the Head Cashier and other tellers will be updated, with the actual physical cash available with them.
During the day the tellers perform various Receipts/Payments transactions and swap denominations, if required. At the end of the day, they will tally their physical cash with the balance in their cash drawer.
After tallying as above, it will be handed over physically as well as through the system, to the Head Cashier. Thus the cash drawer of the tellers at the end of the day will be ZERO. This has to be ensured daily.
Head Cashier will accept – both physical and electronic cash – from the various tellers. After tallying his cash (inclusive of the transactions made by him) with his cash drawer (electronic), he will prepare the cash docket. Thus, his cash drawer will tally with his physical cash and the docket.
He will then transfer the final closing balance of cash to Vault Teller who will accept the same electronically and crosscheck it with the physical cash details mentioned in the docket.
Thereafter, the Vault Teller will transfer this end of day cash balance to the vault, once again recording the same in Till Register. Immediately, the BGL Cash on Hand (90211) will reflect the closing cash balance, which will tally with physical cash on hand and the cash docket.
The balance in Cash on Hand figure shown in the Trial Balance of the branch, is a derived figure. This balance will be derived from the various cash receipts and payments transactions performed by the tellers during the day.
Hence, it is of utmost importance to tally the BGL Cash on Hand and TB Cash on Hand with the physical cash balance on daily basis, which can be performed as given below.
Cash Drawer is the electronic cash as maintained in the system, where the cash balance available in the system is shown with the various denominations.
Entries are released by the system to account for the movement of cash from vault / safe to the Head Cashier, in the BGL Cash on Hand account.
After taking out the cash from the vault and making the necessary entries in Till Register, the Vault Teller will transfer the entire cash to Head Cashier. The system will account for this transfer and the balance in the BGL (A/c. No. 90211) will become ZERO in the morning.
The Head Cashier will receive the cash and then distribute it to the computer operators, through the system as well as physically. Thus, the cash drawers of the Head Cashier and other tellers will be updated, with the actual physical cash available with them.
During the day the tellers perform various Receipts/Payments transactions and swap denominations, if required. At the end of the day, they will tally their physical cash with the balance in their cash drawer.
After tallying as above, it will be handed over physically as well as through the system, to the Head Cashier. Thus the cash drawer of the tellers at the end of the day will be ZERO. This has to be ensured daily.
Head Cashier will accept – both physical and electronic cash – from the various tellers. After tallying his cash (inclusive of the transactions made by him) with his cash drawer (electronic), he will prepare the cash docket. Thus, his cash drawer will tally with his physical cash and the docket.
He will then transfer the final closing balance of cash to Vault Teller who will accept the same electronically and crosscheck it with the physical cash details mentioned in the docket.
Thereafter, the Vault Teller will transfer this end of day cash balance to the vault, once again recording the same in Till Register. Immediately, the BGL Cash on Hand (90211) will reflect the closing cash balance, which will tally with physical cash on hand and the cash docket.
The balance in Cash on Hand figure shown in the Trial Balance of the branch, is a derived figure. This balance will be derived from the various cash receipts and payments transactions performed by the tellers during the day.
Hence, it is of utmost importance to tally the BGL Cash on Hand and TB Cash on Hand with the physical cash balance on daily basis, which can be performed as given below.
0 Comments For " Cash Transactions & Cash Handling In CBS "