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Is petty cash or cash drawer management is more risky & responsible than professional jobs such as reporting, controlling, or balancesheet preparation?

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Question added by Sandeep Sam , Accounts Assistant , National Shipping Gulf Agency Co. (Abu Dhabi) Ltd LLC
Date Posted: 2016/03/22
shaida zain
by shaida zain , Executive Secretary , Hemas pharmaceuticals (Pvt) Ltd - Agency Allergan An AbbVie company

Yes It is and if we use some strategies in order to minimized the risks by counting cash during the working time would be more better than counting EOD.

And it will be more effective and less risky in order  to get the outcomes as no shortages.

 

DURGADAS SISUPALAN
by DURGADAS SISUPALAN , Finance Manager , Narang projects

Yes petty cash handling is different compared to reporting and management jobs. Petty cash handler how he handling that can't possible by a financial reporting manager . He will definitely loss cash. Petty cash handling is not a big job, but very care need and daily balancing with denomination also will help to proper handling and will not loose any cash. Also any petty cash transactions keep voucher it will help us to control it 

AJAY PAL SINGH GULERIA GULERIA
by AJAY PAL SINGH GULERIA GULERIA , Deputy Manager , Kotak mahindra bank

Yes, Cash Handing is more risky than responsible than professional jobs such as reporting, controlling or balancesheet preparation &  it will be effect to balance sheet directly at the end of the day

 

Rahamathullah Akbar
by Rahamathullah Akbar , Cashier cum Accounts Executive , MIOT Hospitals

Yes it is more risky, because it will be effect to balance sheet directly

Beverly Aliven
by Beverly Aliven , Cashier , Bcake for sweet and pastries

Yes,it is more risky than preparing some paper transactions because this is the last thing you should compute that's why you should make it in a balance preparation

Hafiz Muhammad Hamesh Gul Khan
by Hafiz Muhammad Hamesh Gul Khan , Branch Operations Manager , FINCA Microfinance Bank

Its not risky but could be. 

Leverne Joseph
by Leverne Joseph , BOOKKEEPER , Moolman Group Property Management (Pty) Ltd

It could be risky.  But also necessary for daily running of small "petty" expenses in the office i.e.  stationery, entertainment etc.

Petty cash is a daily office expense, it is risky because some time we sleeve entry and direct effect to balance sheet preparation, so its very risky.

khurram shahzad riaz ahmad khokher
by khurram shahzad riaz ahmad khokher , senior accountant , INTERNATIOANAL FILTER CENTER CO.

yes it is more risky and responsible than professional jobs because you give profs against transactions 

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