Revenue Collection

The cashier shall receive and confirm from the customer cash/cheque or transfer and issue an official receipt to the customer.
The cashier shall reconcile the total revenue received against the issued receipts by close of business and thereafter bank the reconciled revenue.
The cashier shall complete the reconciliation summary form and submit it alongside the banking slips to the revenue accountant.
The revenue accountant shall reconcile the banking, cashiers reconciliations, and the MIS and forward to the commercial manager on a daily basis.
The revenue accountant shall post the day’s transaction into the system.
The revenue accountant shall produce the daily cash summaries and banking reports and monthly bank reconciliations.
The revenue accountant shall produce the monthly reports for management.