What are Cash Controls? & Best Practices for Cash Controlling
https://tipalti.com/what-are-cash-controls-and-best-practices-for-cash-controlling/
Cash control is cash management and internal control over cash. Controlling cash receipts and cash disbursements reduces erroneous payments, theft, and fraud. Internal control includes corporate governance, company policies, segregation of duties, authorized approvals for purchases, designated signature authority with limits, payments reconciliation, and bank …
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