Internal control of cash receipts aims to ensure that all cash received is properly recorded and deposited.

Internal control of cash receipts is designed to ensure that all cash received is properly recorded, deposited and accounted for. This involves a range of measures, such as the use of pre-numbered receipts, segregation of duties, daily balancing of cash registers, and regular reconciliations of bank deposits and records. These controls are critical for preventing theft, fraud, errors and other financial losses, and for ensuring the accuracy and integrity of financial records.