BestPracticeFinancialProcesses:

CashManagementCashManagement-BestPracticeObjectivesCashManagementObjectivesOrganisationPeopleProcessesControlsMeasuresInformationSystemsManageshorttermliquidityandlongtermfundingrequirementsMinimisecompany’scostofcapitalEfficientlymanagetheprocessingofcashtransactionsEffectivelyforecastcashrequirementsManagepettycashefficientlyCentralisedcashoffice&poolingIntegratedwithAccountsfunctionsRecord/managereceiptsandpaymentsManagecashpositionPerformreconciliationsPerformperiodendclosing&reportingPolicies&ProceduresBankliaisonAuthorisationlimitsInternalcontrolsSpeedofreportingAccuracyofforecastingReturnonCapitalIntegratedbankaccountwithsub-ledgersAutomaticbankreconciliationsOn-line/realtimeCashforecastingCashmanagementskillsLiaisonwithfinancialinstitutionsProcessFeaturesSegregatecashmanagementfromaccountsreceivableandaccountspayablefunctionsLocalisecashcollectionMinimiselevelofpettycashrequirementsTransmitmechanismsevaluatedoncostandriskbasisCreatenettingarrangementwithinternalbusinesspartnersObtainpan-EuropeanbankingfacilitiesthatallownettingoffofaccountbalancesMapcashcollectionandpaymentcycles,identifyactionstominimisetheseperiodsMinimumnumberofbankingrelationshipsmaintainedtoensurecoverageandpurchasingpowerClearunmatchedcashwithin1dayRegularreconciliationofallcashbooks.MaintainpettycashimprestsystemsObtainaccesstoonlinebankstatementsMonitorthecostofcashtransmissionmechanismsCashbalancesreportedonadailybasisbyaccountandbusinesscentresTreasurydetermineshorttermcashrequirementsfromcashforecastanddailyreportCashsurplusesmanagedbyTreasuryPettycash/foreigncurrencyfloatsperiodicallyauditedCompanyloanaccountsreconciledmonthlyTreasuryconsolidateandmanagecashforecastrequirementsMonitorbankfacilitiestominimiseinterestpaymentsandmaximisereceiptsForecastcashonaregularbasis:rolling12monthforecast-annual5yearaheadreviewsCashManagement-BestPracticeFeaturesEstablishandmaintaincashcontrolmechanismsPerformbankreconciliationsReportandmanagecashbalancesForecastcashrequirementsSystemFeaturesEDIusedformajorityofpaymentsandreceiptsComprehensivesystemsecurityandpasswordfeaturesforpaymentMulti-currencysystems.TransmissionusedforbankstatementsBankremittancenoticesissuedwithsalesinvoicesElectronicreconciliationofbankstatementandcashbookCurrencyratesavailableforsterlingequivalentsIndividualbankaccountcashbalancereportsproducedonadailybasisSummaryconsolidatedcashreportsavailableon-linetoTreasuryIntercompanynettingbankaccountsreconciledautomaticallyIntegratedenquiryfromcashbookentriestosub-ledgersAutomaticproductionofcashforecaststatementsfromcommitment/accrualaccountingProjectanalysisandcontrollinkedtofinancesystemsAnalysisbymarketshare/productcostetcCashManagement-BestPracticeFeaturesEstablishandmaintaincashcontrolmechanismsPerformbankreconciliationsReportandmanagecashbalancesForecastcashrequirementsCashManagement-CriticalSuccessFactorsTheseareasummaryofthekeybusinessrequirements,whichmustbemettoachieveCashmanagementobjectives.ElectronicInterfaceswithAccountsPayable,AccountsReceivable,PayrollandGeneralLedgerEstablishandmaintaingoodrelationswithbanksAgreeFinancetermsReconcilebankaccountsonaregularbasisEDIforthemajorityofpaymentsandreceiptsAutomatedbankreconciliationsystemsandprocessesCashmonitoringandforecastingtechniquesprovidefirstclassaccuracyIntegratedonlinesystemstoaudittrailcashtransactionsOperateminimumpettycashandforeigncurrencyfloatsSeparationofCashmanagementstaffdutiesfromotherfinanceoperationsCashManagement-Measures/CostDriversMeasuresCostofCapitalNumberofbankaccountsNumberofbankingrelationshipsNumberofoutstandingreconcilingitems<3monthsoldDifferenceofinterestrateofcashaccountsvs.MoneyMarketratespercurrencyPercentageofcashtransactionseffectedelectronicallyNumberofdaysinobtainingvalueforfundsFloatingdaysperbank CostofcashfunctionasapercentageoftotalfinancecostNumberofcashtransactionsperFTENumberofunreconciledcashtransactionsNumberofaccountsoutsidecashpoolingCashManagement-Measures/CostDriversCostDriversElectronicpaymentandreceiptmechanismsNumberofbankinglocationsandbankaccountsNumberofinternationallocationsSysteminterfacesavailableforcashentriesTypesofpaymentsandcurrenciesusedNumberofpettycashsitesNumberoftransactionsperdayExtentofgovernmentregulationCashManagement-Level0ContextDiagramCashManagementBudgetingandcontrolCashofficeManagementteamAuditPurchasingAccountsreceivableAccountspayablePayrollBanksGeneralledgerFinancialinstitutionsCashforecastingCashflowmonitoring&forecastingCheckreconciliationsTreasuryexpertiseRemittancesCommitmentdetailsPettyCashProcessReceiptsProcessPaymentsPayrollpaymentsCMdetailsBankStatementsSalesorderprocessingSalesordersCashrequirementsCashManagement-Level1OverviewCustomeraccountsCashiersBankCM&BillingsystemRecordreceiptsDailybankingReceivecashchequesbankreceiptsReceiptinformationincludedincashbookandGLAPcontrolsAuthorisationPaymentTermsMatchingrulesAuthorisedinvoice/expense,DD/SO,Otherpayments,CashCashOffice(CO)APdepartment&systemBankFDPayrolldepartmentPersonrequestingcashReconciliationproceduresExceptionreportsClearunmatcheditemsJournalrulesReconciledcashbooksCashOffice(CO)APreportCustomeraccountsManagementAccountantBankPaymentinformationincludedinAP(cashbook)andGLReportingproceduresReviewBenchmarkingCashmanagementstaffBankTransmissionMechanismCloseprocedureReconciliationproceduresForecastingrulesandproceduresReportingformatsForecast&ReportingTimetablesFinancialaccountantCashmanagementstaffAPCustomerAccountsSales&MarketingCustomerEngineeringStrategicPlanningManagedcashReportsBankstatementsCashforecastsConfirmarrangementsLoandetails&repaymentschedulesProcessreceiptsCM1.1ProcesspaymentsCM1.2ReconcilebankstatementstoledgersCM1.3ManagecashpositionCM1.4Periodendclosingforecasting&reportingCM1.5CashupdatesCurrentbankingtermsandtransactionratesCashManagement-Appendix1:IDEFProcessFlowThediagrambelowprovidesakeytotheprocessdiagramsusedinthisdocument.Process/activityControls(i.e.ProceduresStandardsRequirementsforrework)Output(i.e.InformationMaterial)Resources(i.e.PeopleFunctionsITsystemsMachines)Input(i.e.InformationMaterial)9、靜夜四無無鄰，荒居居舊業(yè)貧。。。12月-2212月-22Wednesday,December14,202210、雨中黃葉葉樹，燈下下白頭人。。。01:21:0101:21:0101:2112/14/20221:21:01AM11、以我我獨沈沈久，，愧君君相見見頻。。。12月月-2201:21:0101:21Dec-2214-Dec-2212、故人人江海海別，，幾度度隔山山川。。。01:21:0101:21:0101:21Wednesday,December14,202213、乍見見翻疑疑夢，，相悲悲各問問年。。。12月月-2212月月-2201:21:0101:21:01December14,202214、他鄉(xiāng)生白發(fā)發(fā)，舊國見青青山。。14十二月月20221:21:01上午01:21:0112月-2215、比不了得就就不比，得不不到的就不要要。。。十二月221:21上上午12月-2201:21December14,202216、行動出出成果，，工作出出財富。。。2022/12/141:21:0101:21:0114December202217、做前，，能夠環(huán)環(huán)視四周周；做時時，你只只能或者者最好沿沿著以腳腳為起點點的射線線向前。。。1:21:01上午午1:21上午午01:21:0112月-229、沒沒有有失失敗敗，，只只有有暫暫時時停停止止成成功功！！。。12月月-2212月月-22Wednesday,December14,202210、很很多多事事情情努努力力了了未未必必有有結結果果，，但但是是不不努努力力卻卻什什么么改改變變也也沒沒有有。。。。01:21:0101:21:0101:2112/14/20221:21:01AM11、成功就就是日復復一日那那一點點點小小努努力的積積累。。。12月-2201:21:0101:21Dec-2214-Dec-2212、世間成成事，不不求其絕絕對圓滿滿，留一一份不足足，可得得無限完完美。。。01:21:0101:21:0101:21Wednesday,December14,202213、不不知知香香積積寺寺，，數(shù)數(shù)里里入入云云峰峰。。。。12月月-2212月月-2201:21:0101:21:01December14,202214、意志堅堅強的人人能把世世界放在在手中像像泥塊一一樣任意意揉捏。。14十十二月20221:21:01上午午01:21:0112月-2215、楚塞塞三湘湘接，，荊門門九派派通。。。。。十二月月221:21上上午午12月月-2201:21December14,202216、少年十五二二十時，步行行奪得胡馬騎騎。。2022/12/141:21:0101:21:0114December202217、空空山山新新雨雨后后，，天天氣氣晚晚來來秋秋。。。。1:21:01上上午午1:21上上午午01:21:0112月月-229、楊柳散和和風，青山山澹吾慮。。。12月-