Common Cash-Up Errors
Cash-up errors make it difficult to know whether money is missing or whether the records are simply wrong.
Forgetting the opening balance
If you do not know the opening cash, you cannot accurately calculate the expected closing cash.
Mixing cash and M-PESA
Cash, M-PESA, bank and card payments should be recorded separately. Mixing them creates confusion.
Leaving out expenses
Cash expenses must be recorded. Otherwise, the till will look short when the money was actually spent.
Counting too quickly
Rushed cash counting leads to mistakes. Count carefully and record the result clearly.
A reliable cash-up process gives the owner better control of daily money.
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