Elements and Performance Criteria
- Check and verify supporting documentation
- Prepare and process banking and petty cash documents
- Deposits and withdrawals are accurately entered and balanced according to organisational procedures
- Cheques and card vouchers are checked for validity before processing
- Banking documentation is reconciled with organisation's financial records
- Petty cash claims and vouchers are checked, processed and recorded and the petty cash book is balanced according to organisational procedures
- Prepare and process invoices for payment to creditors and for debtors
- Prepare journals and batch monetary items
- Post journals to ledger
- Enter data into system
- Prepare deposit facility and lodge flows
- A deposit facility is selected appropriate to the banking method to be used
- Batch is balanced with deposit facility without error
- Securityand safety precautions are taken appropriate to the method of banking in accordance with organisational policy and industry and legislative requirements
- Proof of lodgement is obtained and filed so that it is easily accessible and traceable
- Extract a trial balance and interim reports