Training on Bank Reconciliation & Petty Cash Management

Poor cash management, bad debts, fraud, and poor investments can significantly increase costs, reduce profits, and heighten risks. This Bank Reconciliation and Petty Cash Management training course provides you with essential skills to effectively reconcile bank balances and manage cash-related issues. Learn to ensure minimal cash balances, safely invest surplus cash, and handle international cash payments efficiently with reduced risk.

Course Features

• Effective Bank Reconciliation: Learn the importance and methods of reconciling bank balances.
• Best Practices: Adopt policies from leading international companies.
• Cash Management Skills: Forecast, manage, and control cash balances.
• Investment Opportunities: Increase returns and minimize costs.
• Advanced Issues: Tackle multi-currency and cash shortages/surpluses.

Training Objectives

By the end of this course, participants will be able to:

• Prepare Bank Reconciliation Statements: Accurately and effectively manage bank statements.
• Forecast Cash Flows: Prepare cash statements and future cash flow forecasts/budgets.
• Manage Cash Balances: Implement strategies for effective cash management.
• Recommend Best Practices: Suggest actions aligned with leading practices.
• Implement Risk Controls: Reduce risk and prevent fraud.

Who Should Attend?

This course is suitable for a wide range of professionals, particularly those handling cash or dealing with finance/bank matters:

• Staff preparing and controlling bank reconciliations
• Staff managing cash statements or budgets
• Staff involved in the budget process
• Professionals managing payments
• Anyone preparing or acting upon budgets

Course Content

Module One: Bank Reconciliation

• Understanding Bank Reconciliation Statements
• Importance and Methods of Reconciliation
• Reporting and Correcting Differences

Module Two: Cash Flow – Past & Future

• Importance of Cash & Liquidity
• Evaluating Past Cash Flows
• Forecasting Future Cash Flows

Module Three: Cash Management

• Overview of Cash Management
• Optimal Cash Balance Strategies
• Short-term Finance and Investment Opportunities

Module Four: Petty Cash Management

• Understanding Petty Cash
• Forecasting and Minimizing Cash Holding
• Managing Foreign Currencies

Module Five: Advanced Bank & Cash Management

• Managing Accounts Receivable & Payable
• Raising Short-term & Long-term Finance
• Minimizing Finance Costs

Certification

Upon successful completion, participants will receive the prestigious Uphilos Certificate. This certification validates your expertise in cash management and demonstrates your commitment to financial excellence in your organization.