- The 5 most relevant functions of an ATM
- 1- Receive money
- 2- Charge
- 3- Settlement of invoices in cash
- 4- Cash closure
- 5- Custody of cash funds
- References
Some of the functions of a cashier are to collect, to close the box, clear the box and safeguard it. A cashier is the one who receives and delivers money to users of a bank, an establishment or a store, and takes care of the cash.
Despite the fact that many businesses are betting on the automation of these functions, there are many businesses that continue to hire people to perform this service.
There are some occasions when it is precisely the tellers who act as customer service agents.
The 5 most relevant functions of an ATM
Although the functions of cashiers vary depending on the area in which they are located, the activities mentioned below are common in this trade.
1- Receive money
Managers or supervisors often give tellers a certain amount of cash, known as petty cash or bank.
The cashier must count that money in order to match what is reported as delivered, since it is the responsibility of both him and his superior.
2- Charge
It refers to collecting the amount for the goods or services purchased by the customer at the establishment.
It must be verified that the figures for the commercial exchange coincide with what is reported in the ticket, receipt or invoice. Totals and subtotals should also be checked.
In this way, embezzlement will be avoided when closing the cash register.
3- Settlement of invoices in cash
In some companies the cashier is in charge of settling or paying some bills. In this case, a copy of the invoice must be attached, or the invoice with a signature of conformity.
In addition to the settlement of invoices, there may be settlement of collections, credits and even currencies.
4- Cash closure
It is about the validation of what is reflected in the cash book and in the accounting book with what exists in the physical box.
If there is any mismatch, that is, a surplus, missing or difference, then the cashier has to justify it.
In said closing, the payments and collections made are reported. Ideally, the amount represented in the account should match the money that physically exists.
This process is also known as cash settlement.
5- Custody of cash funds
A cashier must monitor and take care of the funds that have been generated during his tenure at the head of his job.
These funds can be cash assets, stubs, or bank checks.
References
- Editorial Paraninfo, "Hospitality and tourism reception and reservations", Antonio Navarro Ureña, 2008.
- IICA Library Venezuela, "Marketing experiences in the North Chuquisaca Project", Valeriano Tarifa, 1993.
- IICA Library Venezuela, "Accounting Manual", 2000.
- Ideaspropias Editorial SL, “Cashier”, Mónica Mínguez Pérez, Ana Isabel Bastos Boubeta, Rocío González Domíngue, 2006.
- The Consultant, "Manual of budgets and accounting of local corporations", Salvador Arnal Suría, Jesús María González Pueyo, 2006.
- EUNED "Field Work in Auditing", 2007.