Cash: A Principal Asset
Cash is the life and strength of any business. It is a financial asset that can be in the form of currency, checks, funds, or deposits with a bank. It is the most liquid of all assets and is listed first in the balance sheet. The ability of a company to service its debt, purchase inventory, pay taxes, and cover payroll obligations depend on the availability of cash. Protecting cash, therefore, is essential for the success of every organization.
Protecting cash includes physically protecting cash from theft, fraud, loss, waste, and forgery.