How many employees does our department need in the cash handling process?
If there is a biller/invoicer, that person should have no other function in the cash handling process. Ideally, collections, deposits and reconciliations should be segregated as well. If there are insufficient personnel, a two-way segregation of duties can be used. In a two-way segregation the same person can do collections and deposits; however, the reconciliation must be completed by a different person.
