Cash is a physical asset and very attractive at that if left on sight of others. It’s liquid and virtually not traceable if stolen so as such one is very tempted to take it if given the opportunity. You might think that most people aren’t of this sort, but the truth is that as people we are weak. We are more so if the temptation is right under our nose. So if anything, try not be the one giving the chance.

What to do with cash to keep it safe? I mean to keep it physically safe from prying eyes and hands. One obvious thing to note is that cash should be taken into bank as soon as possible and practicable. It’s probably the safest place you could keep it, however what to do outside the bank? Think through very hard who are those who you’d trust with cash – that’s the first thing. Secondly plan how much is really needed at the spot. All the excess and currently not in use should always be behind closed doors either in a security box or on it’s way to the bank really. Significant amount of physical cash is something very few companies really need (i.e. pawn houses, retail shops etc.).

Pretty much something to consider is really think through all procedures you have surrounding cash, which need cash and how you ensure that all the physical cash amounts are secured safely away. It’s all about putting it all into perspective and being thorough.