[GNC] Be careful with `petty cash'

[Adrien Monteleone]

Yes, forgot about that, thanks. I've used similar procedures.

Regards,
Adrien

On 9/10/20 4:54 PM, Michael or Penny Novack wrote:
> On 9/10/2020 5:29 PM, Adrien Monteleone wrote:
>> I'm not sure what you are referencing by 'paying-in slip'.
> 
> POSSIBLY something else. For example, there is an annual event at which 
> a "teacup auction" takes place. There is both cash and checks placed in 
> the can when people buy tickets, sometimes somebody there, but usually 
> honor system.
> 
> But unwise to trust honor too far. My normal practice is every few hours 
> to remove some amount of currency leaving just enough for change and 
> replacing what I took out with a signed, dated, time stamped slip for 
> what I have removed. Those included with the (witnessed) currency count.
> 
> I would then make good those slips (and remaining currency) with a 
> check. It might be days till whoever was Treasurer back home and could 
> make a deposit. Not everybody attending is even from the same country, 
> let alone state. But  I'd be home 3 hours after the event ended so less 
> a nuisance for me to hold currency.
> 
> The point is, I could see somebody doing the same thing with an 
> unguarded collection box, replacing currency with a slip.
> 
> Michael D Novack