This cash management policy template has 3 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our cash management policy template:
CASH MANAGEMENT POLICY PURPOSE The purpose of this Cash Management Policy is to establish guidelines and procedures for the effective management, control, and security of cash and cash equivalents within [COMPANY NAME]. This Policy aims to ensure responsible cash handling practices, minimize the risk of fraud, and safeguard company assets. SCOPE This Policy applies to all employees, contractors, and authorized individuals involved in handling or managing cash and cash equivalents on behalf of [COMPANY NAME]. It encompasses various aspects of cash management, including but not limited to cash receipts, disbursements, and reconciliation. CASH RECEIPTS All cash received must be promptly recorded and documented, including the source, amount, date, and purpose of the receipt. Cash should be stored securely in designated cash handling locations, such as safes or cash drawers. Dual control may be required for significant cash handling activities, where two individuals are involved in counting, verifying, and documenting cash receipts. CASH DISBURSEMENTS Cash disbursements should be authorized in accordance with company policies and procedures. Appropriate documentation and approvals are required for all cash disbursements, including payments to vendors, employees, or other parties. Checks and electronic payment methods should be preferred over cash for disbursements, whenever possible. PETTY CASH Petty cash funds may be established for small, routine expenses. Proper controls and documentation, including receipts, should be maintained for all petty cash transactions.
