N.J. Admin. Code § 3:24-5.4

Current through Register Vol. 56, No. 21, November 4, 2024

Section 3:24-5.4 - Daily cash reconcilement

(a) A daily cash reconcilement shall be maintained which shall contain the following information:

1. Cash on hand at opening of business;

2. Checks, drafts or money orders cashed the previous day and on hand at opening of business;

3. Cash received during the day showing in detail the source of funds;

4. The total amount of fees received during the day;

5. The sum of items (a)1 through 4 above;

6. The total deposits made during the day;

7. Other cash paid out during the day showing in detail the nature of the disbursement;

8. The sum of items (a)6 and 7 above;

9. Item (a)5 less item (a)8 above, representing the cash on hand and the total of undeposited checks, drafts or money orders, cashed during the day;

10. The total of cash included in item (a)9 above; and

11. Cash on hand at close of business day with shortages or overages explained (disposition or resolution).

N.J. Admin. Code § 3:24-5.4