moneyhandling

Money handling refers to the set of practices and procedures used to receive, process, store, transport, count, reconcile, and dispose of monetary value, including cash, coins, checks, and electronic payments, across commercial, financial, and organizational contexts. The domain covers transactions at point of sale, cash-in-transit, clearing and settlement, and treasury operations. In retail and service sectors, money handling typically includes receiving cash from customers, recording the sale in a register, placing currency in a cash drawer or secure safe, and performing end-of-day reconciliation with the sales receipts and bank deposits.

Security and internal controls are central to money handling. Practices aim to prevent loss, theft, and fraud through separation of duties, dual custody for high-value cash, restricted access, secure storage, and routine audits. Physical security measures include safes, locked bags, tamper-evident seals, and monitored cash transport by armored services. Counterfeit deterrence and detection are also important, including counterfeit detection tools and training for staff.

Technology plays a growing role. Cash counting machines, coin sorters, and cash recyclers automate counting and reduce handling errors, while point-of-sale systems integrate with inventory and accounting records. Electronic payment methods and digital wallets complement cash handling and are often included in cash-management policies. Compliance considerations include recordkeeping and reporting for anti-money laundering and counter-terrorism financing regimes, such as reporting large cash transactions where applicable, as well as standard banking regulations.