Balancing Vault Procedures Home State Bank, N.A. Purpose This presentation will review the procedures for balancing the vault, which must be done everyday by 3:00 p.m. Home State Bank, N.A. Rationale Home State Bank is required, everyday, to switch to the next business day by 3:00 p.m. In order to switch over, the vault, along with all of the teller drawers, must be balanced. Home State Bank, N.A. Terms to Understand Cash in and out vault tickets - When a teller needs to sell money to the vault, they fill out a cash in vault ticket. When they need to buy money from it, they fill out a cash out vault ticket. Blotter – Paper with a table printed on it, used to write how much of each denomination is in the vault. Home State Bank, N.A. More Terms GL ticket – Debit or credit slip that reflects a deposit or withdrawal from a specific general ledger account. Home State Bank, N.A. Step 1 Along with another teller, count all the money in the vault using the vault blotter to break it down into each denomination. Home State Bank, N.A. Step 2 Sign on to the vault, drawer 6000, and run through all the cash in and out vault tickets from the night before and the morning. Home State Bank, N.A. Step 3 Under F8, type in the amounts of each denomination in the appropriate spot, and press F8 again to print the computer blotter. Home State Bank, N.A. Step 4 Sign this blotter yourself, and have the teller who balanced the vault with you sign the blotter too. Home State Bank, N.A. Step 5 Make a copy of the blotter, and put it in the bag that says Georgine on the front. Home State Bank, N.A. Step 6 Write up one GL credit and one GL debit against the LITH vault account, that states how much money was bought (debit) and sold (credit) to the vault. Home State Bank, N.A. Step 7 Make a copy of both of the GL tickets, and put the actual tickets in the bag to Georgine along with the computer blotter. Home State Bank, N.A. Step 8 After all tellers have balanced, on your Supervisor screen go to 88 (reports), and then to 7 (cash position). Home State Bank, N.A. Step 9 Print this report. Home State Bank, N.A. Step 10 Staple together all of the cash in and out vault tickets, all of the teller’s computer blotters, the vault computer blotter, the copy of the GL tickets, and the cash position report. Home State Bank, N.A. Step 11 Put all of the stapled work in the Daily Balance folder in the first file drawer. Home State Bank, N.A. Reminder DO NOT forget to put all tellers’ work in the work bag. This bag will be picked up at 3:30 and brought to the Operations Center so proof can balance the work. Home State Bank, N.A.
Pages to are hidden for
"Balancing Vault Procedures"Please download to view full document