What is one of the last steps in closing a cash drawer at the end of a shift?

One of the last steps in closing a cash drawer at the end of a shift is reconciling against daily transactions, as it ensures that all cash handled during the day matches the recorded transactions. This process involves comparing the total amounts from cash sales, deposits, and any withdrawals against the actual cash in the drawer.

This reconciliation helps identify any discrepancies, such as errors in transactions or cash handling issues, allowing the teller to address them promptly. Accurate reconciliation is crucial for maintaining financial integrity and ensuring accountability. All cashiers must follow this step to confirm that all financial activities are accurately reflected in the bank’s records before finalizing their shift.