Workflow Templates: Cash Management Checklist

Review and update the cash position report

Monitor the bank account balances and recent transactions

Check for any unexpected cash flows or discrepancies

Update cash flow forecasts to reflect actual vs. budgeted

Analyze short-term and long-term cash flow needs

Adjust financial strategies based on cash projections

Record and deposit all cash receipts daily

Reconcile cash receipts with bank deposits

Review receivables for overdue accounts and follow up

Ensure all disbursements are authorized and properly documented

Schedule payments to optimize cash flow

Reconcile disbursements with bank statements

Reconcile bank statements promptly each month

Investigate and resolve any reconciling items

Review reconciliation reports with management

Review and enforce internal controls for cash management

Ensure compliance with accounting policies and regulatory requirements

Conduct periodic internal audits of cash handling and banking procedures

Monitor surplus cash and invest in accordance with policy

Manage debt obligations and plan for debt servicing

Assess opportunities for better investment or debt terms

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Cash Management Checklist