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Sagot :
All expenditures are authorized before a check is prepared and Checks are signed only by authorized individuals are important elements of a cash disbursement control system.
In order to achieve certain investment or fund management goals, controlled disbursement is utilized to control the daily flow of checks through the banking system. Typically, once-daily check distributions are required. These actions include payment authorization, cash management strategies, and reconciliation of vendor accounts. A cash receipts control system includes controls like comparing the bank-generated deposit slip with the check listing and making sure the person opening the mail is not the person who maintains the accounting records. Cash management is the careful oversight of cash balances, forecasted cash payments, and forecasted cash receipts to ensure that adequate cash balances exist to meet obligations.
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