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、靜夜四無鄰鄰，荒居舊業(yè)業(yè)貧。。1月-231月-23Sunday,January1,202310、雨中黃黃葉樹，，燈下白白頭人。。。14:18:2614:18:2614:181/1/20232:18:26PM11、以我獨(dú)沈久久，愧君相見見頻。。1月-2314:18:2614:18Jan-2301-Jan-2312、故故人人江江海海別別，，幾幾度度隔隔山山川川。。。。14:18:2614:18:2614:18Sunday,January1,202313、乍見翻翻疑夢，，相悲各各問年。。。1月-231月-2314:18:2614:18:26January1,202314、他鄉(xiāng)生白發(fā)發(fā)，舊國見青青山。。01一月20232:18:26下午14:18:261月-2315、比不了得得就不比，，得不到的的就不要。。。。一月232:18下下午1月-2314:18January1,202316、行行動(dòng)動(dòng)出出成成果果，，工工作作出出財(cái)財(cái)富富。。。。2023/1/114:18:2614:18:2601January202317、做前，，能夠環(huán)環(huán)視四周周；做時(shí)時(shí)，你只只能或者者最好沿沿著以腳腳為起點(diǎn)點(diǎn)的射線線向前。。。2:18:26下午午2:18下午午14:18:261月-239、沒有失敗敗，只有暫暫時(shí)停止成成功！。1月-231月-23Sunday,January1,202310、很多事情努努力了未必有有結(jié)果，但是是不努力卻什什么改變也沒沒有。。14:18:2614:18:2614:181/1/20232:18:26PM11、成功就是是日復(fù)一日日那一點(diǎn)點(diǎn)點(diǎn)小小努力力的積累。。。1月-2314:18:2614:18Jan-2301-Jan-2312、世間成事事，不求其其絕對圓滿滿，留一份份不足，可可得無限完完美。。14:18:2614:18:2614:18Sunday,January1,202313、不知香積寺寺，數(shù)里入云云峰。。1月-231月-2314:18:2714:18:27January1,202314、意志志堅(jiān)強(qiáng)強(qiáng)的人人能把把世界界放在在手中中像泥泥塊一一樣任任意揉揉捏。。01一一月月20232:18:27下下午14:18:271月-2315、楚楚塞塞三三湘湘接接，，荊荊門門九九派派通通。。。。。。一月月232:18下下午午1月月-2314:18January1,202316、少年十五二二十時(shí)，步行行奪得胡馬騎騎。。2023/1/114:18:2714:18:2701January202317、空山山新雨雨后，，天氣氣晚來來秋。。。2:18:27下下午2:18下下