Bank Deposit Verification SOP

Procedure #: HB SOP 27

Function: Management Policies

Implementation Date: 062322

Policy/Purpose:  All deposits need to be verified to ensure that what is supposed to be deposited is correct and that it has gone to the bank and been verified by the bank as well. Additionally, it is essential for staff to follow established protocols during the verification process to minimize errors and discrepancies. To facilitate this, cash handling procedures explained in the training manual must be adhered to consistently. This will help maintain accurate financial records and build trust with both employees and clients.

Procedures for Deposits:

1. Manager will verify the correct deposit amount for each day by matching up the information in the GM Daily Dashboard with information provided through our Toast POS system
2. One deposit slip will be filled out for each day so that we can verify the daily amount.  Multiple days should not be added to one deposit. 
3. Once actual deposits have been taken to the bank, the manager should staple the bank receipt for that day to the carbon copy receipt for that day
4. The Operations Manager will review weekly to ensure that the deposit slips match the GM Daily Dashboard deposit total.