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.