Referat tekshirdi: Oblomurodov N. Bajardi: Umarov F. Plan: Audit Cash

What Is an Audit for a Cash Register?

Definition

A cash register audit (also called a register reconciliation or just "counting down the register") is a process by which you compare the sales records of the day with the amount of money in cash, checks and credit receipts you took in. During the audit, you look for accounting mistakes and try to rectify them. For example, if the cashier gave wrong change during a transaction, it shows during the audit.
Tools
What you need to complete a cash register audit depends on your accounting system. Some businesses use intricate point of sale systems that computerize the entire process. In that case, you need a computer system and access to the program. Depending on the program, you run an "end of the day receipt" or "audit journal" that shows all the transactions. If you're auditing manually, you just need a calculator, the day's receipts and whatever tracking form your company uses.

Purposes
A cash register audit's purpose is just to ensure that the day's receipts add up to the day's money intake. It's a small part of the overall business's accounting process. It's much easier for you to find mistakes and inconsistencies in each drawer than in the business's overall finances. It also makes it easier to pinpoint who made the mistake and determine whether it's an accounting problem or theft.

Best Practices
There are numerous practices that can make your cash register audits more effective. Some of them depend on your industry or type of business. One that applies universally is conducting cash register audits after each shift with the employee responsible for the register. It's also a good time to check for voids because that can be sign of shrinkage or even outright theft. Perform your safe drop or prepare the money for a bank deposit immediately after conducting the audit to avoid any incidents with losing or misplacing the money. Keep records of your register audits for future reference.