Intermediate Accounting 6 Cash and Receivables Cash Management Control Over payments Make all payments by check(except petty cash items)so that a record exists for every company expenditure Authorize and sign all checks only after an expenditure is verified and approved Periodically reconcile the cash balance in the bank statements with the companys accounting recordsCash Management Intermediate Accounting 6 Cash and Receivables Control Over Payments ➢ Make all payments by check (except petty cash items) so that a record exists for every company expenditure. ➢ Authorize and sign all checks only after an expenditure is verified and approved. ➢ Periodically reconcile the cash balance in the bank statements with the company’s accounting records