This policy is a really great system to eliminate or at least reduce the
chance for fraud to occur do to staff as well as track slippage due to
incorrect filling of orders. It is really hard for a manager or owner to
always be watching while a staff member is dealing with a client and
some staff might take advantage of this or they might be over
whelmed with the amount of the order leading to them miss
understanding what the client wants. When I worked for a restaurant
as an accountant prior to my current job, I had to help account for
changes or adjustments done for prepaid events to make sure the
client was fully charged or received the credit given to them. If we
had this kind of system in place, it would have been easy to tell which
server had made the adjustments as well as made sure all orders or
adjustments were accountant for at the end of the night instead of a
few days later. I am sure this system leads to more accurate cash
counts and more accountability on the staff to watch for error on
orders to guests as well as payouts.
Reference:
Internal Control for cash receipts. Internal Control For Cash Receipts |
Department of Enterprise Services (DES). (n.d.). Retrieved December
4, 2022, from https://des.wa.gov/services/small-agency-
support/financial-services/internal-control-cash-receipts
Internal Controls for cash receipts and revenue. BFAS. (n.d.). Retrieved
December 4, 2022, from https://bfas.syr.edu/audit/general-internal-
controls/internal-controls-for-cash-receipts-and-revenue/
