Bank Reconciliation and
Petty Cash Management

"Sales may dazzle, profit may reassure, but it's cash that speaks the truth! Cash reigns supreme! Inadequate cash management, outstanding debts, fraudulent activities, and unwise investments can inflate costs, diminish profits, and heighten risks. It's imperative for companies to skillfully manage their cash and bank reserves, maintaining them at optimal levels, making safe and lucrative investments, and facilitating efficient international transactions. This Anderson online training course equips delegates with indispensable skills to reconcile bank balances effectively and address all cash and banking matters adeptly, thereby curbing costs, boosting profits, and mitigating risks."

By attending this Anderson training course delegates will be able to make a substantial, positive impact on Bank Reconciliation and Cash Management best practices within their organization, more specifically:

• Prepare and Use Bank Reconciliation Statements
• Prepare Cash Statements and Forecast Cash Flow Forecasts/Budgets
• Manage the Bank & Cash balances effectively
• Recommend appropriate action in line with leading practice
• Implement controls to reduce risk and fraud

This Anderson training course is suitable for a wide range of professionals who are involved in any aspect of Bank Reconciliation & Cash Management and who want to understand, implement and improve the latest Cash Management concepts, processes and ideas. For example:

• Those preparing and controlling bank reconciliation
• Staff preparing and controlling cash statements or budgets
• Staff managing payments
• Staff engaged in the budget process
• Those who prepare or act upon budgets

• What is a Bank Reconciliation Statement?
• The Importance of Bank Reconciliation
• Undertaking a Bank Reconciliation
• Report & Correcting Differences
• Avoiding Future Differences
• Controlling Bank Records & Balances

• The Importance of Cash & Liquidity – Cash is King
• Cash Flow Statements – Evaluating the PAST Cash Flow
• Cash Forecast & Budgets – Forecasting and evaluating the FUTURE Cash Flow
• Variance Analysis
• The Cash Flow Cycle & Operational Efficiency
• Working Capital – The ideal ratio

• An Overview of Cash Management
• The Optimal Cash Balance
• Sources of Short Term Finance
• Short Term Investment Opportunities
• Minimising Interest Cost & Maximizing Interest Earned
• Minimising Bank & Cash Balances 

• What is Petty Cash?
• Forecasting Cash Needs
• Minimising Cash Holding
• Recording Cash Transactions
• Balancing the Cash Balance
• Dealing with Foreign Currencies & Exchange Rate Risk

• Managing Accounts Receivable & Payable
• Methods of Raising Short-term & Long-term finance
• Minimising the Cost of Finance
• Bank Finance
• Factoring & Invoice Discounting
• Derivatives

Anderson Certificate of Completion will be provided to delegates who attend and complete the course