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Elements and Performance Criteria

1. Maintain accurate cash floats
   • Maintain cash in drawer in accordance with organisational policy and procedures
   • Conduct regular cash transaction processing and proofings within specified timeframes, and appropriately record and check accuracy with cash withdrawn and deposited
   • Count cash at close of business in accordance with organisational policy and procedures, and investigate and correct discrepancies to balance float
   • Maintain cash within set limits in compliance with organisational budget
2. Remove receipts from terminal
   • Follow organisational policy and procedures to perform terminal balances, ensuring float is separated from takings prior to balancing, and supply cash to terminal
   • Record terminal information appropriately after accurate checking
   • Follow security policy and procedures in removal and transportation of cash, cash float and non-cash documents
3. Reconcile takings
   • Correctly count and calculate cash and non-cash documents with terminal reading, and compare sum of cash and non-cash transactions appropriately to achieve balance
   • Accurately document records of individual takings in accordance with organisational policy and procedures

Performance Evidence

Evidence of the ability to:

maintain cash float limit in accordance with cash requirements

conduct regular checks of cash transaction processing in a timely and efficient manner

check the system for discrepancies and perform cashier daily balance processes

accurately count and reconcile cash holdings in accordance with organisational requirements and procedures

accurately check cash and non-cash transactions, and complete required documentation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

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Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

outline the key steps and reasons for maintaining cash float and reconciliation of cash holdings

describe the key features of organisational policy and procedures relating to:

terminal balancing

cash and non-cash transaction security

cash float handling

processing timeframes.

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