Bank Reconciliation and Petty Cash Management

In business – Cash is King! Poor cash management, bad debts, fraud and poor investment can increase costs, reduce profits and increase risk. With effective Bank Reconciliation & Cash Management the company can ensure that cash balances are kept to a minimum, surplus cash is invested safely, and profitable and international cash payments handled efficiently at reduced risk. This Bank Reconciliation and Petty Cash Management AZTech training course will provide delegates with the essential skills to effectively reconcile bank balances and manage all cash and banking issues.

This Bank Reconciliation and Petty Cash Management training course will feature:

• The importance and methods to reconcile bank balances effectively
• Policies of Best Practice adopted by leading international companies
• How to forecast, manage and control bank and cash balances
• Investment and Finance opportunities aimed at increasing returns and minimising costs
• Advance issues relating to multi-currencies and cash shortages and surpluses

By the end of This Bank Reconciliation and Petty Cash Management training course, participants will be able to:

• Prepare and Use Bank Reconciliation Statements
• Prepare Cash Statements and Forecast Cash Flow Forecasts/Budgets
• Manage the Bank & Cash balances effectively
• Recommend appropriate action in line with leading practice
• Implement controls to reduce risk and fraud

This Bank Reconciliation and Petty Cash Management training course is suitable to a wide range of professionals given the importance of cash but will greatly benefit those whose role is to handle cash or deal with finance/bank related matters:

• Those preparing and controlling bank reconciliation
• Staff preparing and controlling cash statements or budgets
• Staff managing payments
• Staff engaged in the budget process
• Those who prepare or act upon budgets

This Bank Reconciliation and Petty Cash Management training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes formal lectures, case studies and interactive worked examples.

Participants will be actively engaged, individually and as part of a group, in the case studies relevant to their workplace. They will also be given a detailed set of handouts and examples in both hard and soft copy enabling them to review the topics covered at a later date to reinforce their knowledge and skills.