Unit of competency Outline

Date retreived
22/07/2026 9:24 PM AWST

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Balance cash holdings

Balance cash holdings

Unit of competency
National Code
FNSRTS308
State Code
AUT06
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
20
Description
This unit describes the skills and knowledge required to clear registers, count money, calculate non-cash transactions and reconcile takings, and balance cash holdings.It applies to individuals who use numeracy skills to undertake financial duties, including checks for accuracy of transactions, and closely adhere to organisational requirements and procedures.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Maintain accurate cash floats
  • 1.1 Maintain cash in drawer in accordance with organisational policy and procedures
  • 1.2 Conduct regular cash transaction processing and proofings within specified timeframes, and appropriately record and check accuracy with cash withdrawn and deposited
  • 1.3 Count cash at close of business in accordance with organisational policy and procedures, and investigate and correct discrepancies to balance float
  • 1.4 Maintain cash within set limits in compliance with organisational budget
2. Remove receipts from terminal
  • 2.1 Follow organisational policy and procedures to perform terminal balances, ensuring float is separated from takings prior to balancing, and supply cash to terminal
  • 2.2 Record terminal information appropriately after accurate checking
  • 2.3 Follow security policy and procedures in removal and transportation of cash, cash float and non-cash documents
3. Reconcile takings
  • 3.1 Correctly count and calculate cash and non-cash documents with terminal reading, and compare sum of cash and non-cash transactions appropriately to achieve balance
  • 3.2 Accurately document records of individual takings in accordance with organisational policy and procedures
No information
No information
Replaces
State Code National Code Title Type
D4160 FNSRTS308A Balance cash holdings Unit of competency