How do activity managers minimize cash on hand?

Making daily deposits is a crucial practice for activity managers to minimize cash on hand. This ensures that excess cash does not accumulate at the facility, which can lead to operational inefficiencies and increased risk of theft or loss. By regularly depositing cash into a secure location, such as a bank, managers can maintain a more manageable and safer amount of cash available on-site.

Daily deposits also facilitate better tracking of cash flow, which is essential for accurate financial operations. This regularity helps in aligning the cash on hand with the operational needs, ensuring that funds are readily available for transactions while minimizing the overall cash surplus that can pose risks. By keeping cash levels low through this method, managers can also enhance accountability and streamline their financial management processes.