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Balance cash holdings

Unit Descriptor This unit describes those functions involved in balancing cash holdings including clearing registers, counting money, calculating non-cash transactions and reconciling takings.

1 . Maintain accurate cash floats
  1. Cash in drawer is maintained in accordance with organisation's policies and procedures

  2. Regular cash transaction processing and proofings are conducted within specified timeframes and recorded appropriately

  3. Cash withdrawn and deposited is checked for accuracy

  4. Cash at close of business is counted in accordance with organisation ' s policies and procedures and discrepancies are investigated and corrected in order to balance float

  5. Cash within branch budget is maintained within limits

2 . Remove receipts from terminal
  1. Terminal balances are performed in line with organisation ' s policies and procedures

  2. Cash is supplied to terminal according to organisation's policies and procedures and float is separated from takings prior to balancing procedures

  3. Terminal information is recorded appropriately after accurate checking

  4. Security policies and procedures are followed in the removal and transportation of cash (including cash float) and non-cash documents

3 . Reconcile takings
  1. Cash and non-cash documents are correctly counted/ calculated

  2. Terminal reading and sum of cash and non-cash transactions are compared appropriately to achieve balance

  3. Records of individual takings are recorded accurately and in accordance with organisation ' s policies and procedures

Key CompetencyExamples of ApplicationPerformance
How can information be collected, analysed and organised?
How are ideas and information communicated within this competency?
How are activities planned and organised?
How are problem solving skills applied?
How are mathematical ideas and techniques used?
How is use of technology applied?
How is team work used within this competency?

Range Statement

Terminal includes:

Cash in drawer includes:

Security policies and procedures includes:

Organisation's policies and procedures include policies and procedures relating to:

Non-cash documents or transactions may include:

Accurate recording of information may require recording on:

Evidence Guide

Overview of assessment

To achieve competency in this unit, a person must be able to demonstrate:

Evidence required for demonstration of consistent performance:

Delivery/assessment relationship to other units:

Method of assessment:

Context of assessment:

Resources required for assessment: