The purpose of this policy is to establish uniform policies for cash and cash equivalents for companies that preserve principal, meet liquidity needs, and deliver a suitable return in relation to these policies and market conditions.
In this sample, all sites are required to complete the bank account opening form whenever new banks or other related investment accounts are needed. This form will highlight the accounts currently open, determine why the new account(s) are needed and estimate costs when opening needed accounts. Bank accounts can only be opened by officers of the company (as authorized by the board of directors).
Cash Receipts and Collections Leading Practices
Cash Flow Management Leading Practices