Till training

Till training/Cash handling/Purchasing

Basic accounting intro (why do we care about what we care about)

The purpose of all this record-keeping is so that we actually know what is happening with our money. Where is it coming from, where is it going, how much do we REALLY have?

• accrual as opposed to cash. As soon as someone owes us money, that is an asset. As soon as we owe someone, that is a liability. They can also be income and expense at the same time. When we get paid, that is also an asset of a different kind.
• If we don't know something, we want to show that we don't know it rather than hiding it. (possible evidence of theft, etc.)
• Auditability

Opening

Count the till

This is important because the till could be off for a variety of reasons and we want to catch it here. If the till is off at the end of the day and it was not counted in the morning, that greatly expands the time frame in which something can have gone wrong.

• Miscount by till preparer
• Mishaps (for example - tills spilled and not completely picked up)
• Change made from a till
• Theft

Important special transactions - paper trail during the day

• IOUs
• purchase reimbursements
• IOU repay with and without a purchase involved
• vendor income
• mileage reimbursements

Checks, what is important

• Dated correctly?
• to the order of Free Geek?
• written and numeric agree?
• Signed? (more than one signer required?)
• drivers license?
• entered into database (get CURRENT info especially if different from check) no checks without database entry.

Credit card data security (everyone who handles credit card data needs this)

• what is cardholder data and how to treat it
• not written down or if written, the copy destroyed or in a secure location
• kerchunked when "imprint" asked for

Closing http://wiki.freegeek.org/index.php/Opening_and_closing_out_the_till

Making a purchase for Free Geek

• reimbursed
• IOU
• Credit Card