11.4. Getting a Bank Deposit Ready

At the end of the day (or week) it’s a common practice to bundle up the cash and checks and deposit them into the bank.

Preparing the deposit

1. Once you’ve ran the reconciliation report, and ensured no errors or discrepancies in the cash and checks, you will bundle the cash and checks in an envelope.
2. You will fill out a bank deposit slip.
3. You will make a photo copy of the slip and include it with a copy of the reconciliation report, which you’ve initialed is the correct amount you are depositing. This allows your accounting person to know that you have verified the total amount to be deposited, and that all funds are there. The accounting person will then look for the deposit in the bank.