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#2194296 - 10/01/18 04:56 PM Cash Recycler
seas78 Offline
New Poster
Joined: Dec 2002
Posts: 19
Any one using cash recyclers want to share any audit tips?

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Audit
#2211934 - 04/24/19 01:51 PM Re: Cash Recycler seas78
The Auditor Offline
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Joined: Sep 2018
Posts: 8
We have cash recyclers. This is our process. I audit it with the teller drawers. We piece count the whole machine and the branch manager and tellers help out bundling all of it so it's easier to count. After all the cash has been counted, we end up counting the coin too and matching it to the report that the machine has with how much total money should be in the cash recycler. This does take a few hours depending on how much money is in the machine so usually I try to go earlier in the morning or when it's not a busy day.

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#2212022 - 04/24/19 09:56 PM Re: Cash Recycler seas78
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 351
Midwest
How often do you do this?

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#2212175 - 04/25/19 08:54 PM Re: Cash Recycler seas78
The Auditor Offline
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Joined: Sep 2018
Posts: 8
Sorry I forgot to add that, it's a annual surprise audit by me. The managers also piece count the machine at least semiannually.

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#2214725 - 05/31/19 08:48 PM Re: Cash Recycler seas78
seas78 Offline
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Joined: Dec 2002
Posts: 19
I've delved more into this now. Our cash recycler has an audit feature-- you put on an extra canister & it verifies all denominations (not coin). It took about 45 mins & the recycler was fairly full at the time. I also did verify all the drawers & vault on this same day so I could balance all to the GL. We also set up dual control procedures if they need to access the canisters--it requires 2 codes. One the tellers have & the other the officers have.

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#2215270 - 06/07/19 07:13 PM Re: Cash Recycler seas78
Soonergal Offline
Junior Member
Joined: Aug 2014
Posts: 35
We audit our recyclers once a quarter by the teller supervisors and annually by a random cash count.

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#2217690 - 07/15/19 08:35 PM Re: Cash Recycler seas78
tedster Offline
100 Club
tedster
Joined: Jul 2006
Posts: 108
Philadelphia
My tip is to reload the ones last. They are not newer bills like any denomination. We spent the better part of an hour clearing jams of ones as if it were a copier.
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