12.4. Getting a Bank Deposit Ready

Preparing Cash and Check Deposits

At the end of the day or week, it is common practice to bundle cash and checks and deposit them into the bank.

Prepare the Bank Deposit

To prepare a deposit:

1. Run the Reconciliation Report and confirm there are no errors or discrepancies in cash and checks.
2. Bundle the cash and checks together in a deposit envelope.
3. Complete a bank deposit slip.
4. Make a photocopy of the completed deposit slip.
5. Attach the photocopy to a copy of the Reconciliation Report that you have initialed to confirm the total amount.
6. Provide the documents to your accounting staff so they can verify the deposit when it appears in the bank.