Unit of competency Outline

Date retreived
22/07/2026 8:16 AM AWST

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Balance retail transactions

Balance retail transactions

Unit of competency
National Code
FNSRTS303
State Code
AUS89
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to balance cash holdings, including clearing registers, counting money, calculating non-cash transactions and reconciling takings within institutions where teller cash dispensers automate a significant proportion of the cash balancing function.It applies to individuals who have well-developed numeracy skills, accurately perform and check financial calculations, and closely follow organisational procedures.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Maintain terminal balances
  • 1.1 Maintain cash drawers or teller cash dispensers in accordance with organisational policy and procedures
  • 1.2 Manually check paid out cash for accuracy and balance transactions at close of business in accordance with organisational policy and procedures, with any discrepancies investigated and corrected to balance terminal
2. Remove receipts from terminal
  • 2.1 Perform terminal balances in line with organisational policy and procedures
  • 2.2 Supply cash to terminal or drawer according to organisational policy and procedures and record information appropriately after accurate checking
  • 2.3 Follow security policy and procedures in removal and transportation of cash and non-cash documents
3. Reconcile receipts
  • 3.1 Correctly count and calculate cash and non-cash documents
  • 3.2 Compare terminal reading and sum of cash and non-cash transactions appropriately to achieve balance
  • 3.3 Accurately record, in accordance with organisational policy and procedures, records of individual takings
No information
No information
Replaces
State Code National Code Title Type
D4155 FNSRTS303A Balance retail transactions Unit of competency