Explaining organisational procedures for petty cash and banking, processing transactions for petty cash and banking, demonstrating understanding of handling petty cash, monitoring related transactions, and maintaining control over both petty cash and banking activities are essential tasks in ensuring proper financial management within an organisation.
Learners will be learning towards obtaining a national qualification at level 3 or are working in an administrative environment, including SMMEs (Small, Medium and Micro Enterprises), where the acquisition of competence against this standard will add value to the learner`s job or chances of finding employment. Learners will be well positioned to extend their learning and practice into other business areas or strive towards professional standards and improved performance. The qualifying learner is capable of explaining the petty cash and banking procedure according to organisational requirements, processing petty cash and banking transactions, demonstrating an understanding of petty cash handling and banking procedures, monitoring petty cash transactions and banking and controlling petty cash and banking.
Course Content
- The petty cash procedure for issuing money is explained
- Restrictions and limitations are identified, listed, and explained
- The procedure of recording petty cash transactions is explained
- Petty cash terminology is listed and explained
- The amount of the petty cash float is indicated
- The replenishment/imprest system is explained
- Money for petty cash is issued according to organisational procedures
- Staff are instructed on cash-system operating procedures
- The cash slip and change are reconciled with the issued petty cash voucher
- Petty cash transactions are recorded in the prescribed format and time frame
- Payments are analysed and any irregularities reported and rectified
- Petty cash float is balanced according to organisational procedures
- The procedures to follow and the reasons for having cash, banking, receipt and payment procedures in place are explained to relevant individuals
- The source documents for processing banking transactions are described
- Different banking processes are utilised
- The legal procedures pertaining of banking are explained
- All relevant information is gathered for invoicing purposes and invoice is prepared according to organisational format procedures
- Invoice is issued to customers
- Follow-up of payment is undertaken and payment is insured within terms of payment time frames
- All source documents are obtained to process banking transactions
- Source documents are reconciled and any discrepancies noted, reported and rectified
- Transfers, deposits and withdrawals are processed as per organisational requirements
- Any suspected irregularities are reported and rectified
- Security procedures relating to banking transactions are ensured
- Non-accredited: Short course only
- Duration: 1h 30m
- Delivery: Classroom/Online/Blended
- Access Period: 12 Months
