How frequently do activity managers need to make deposits to maintain minimal cash on hand?

Activity managers need to make deposits daily to maintain minimal cash on hand. This practice helps ensure that the cash flow is managed effectively, minimizing the risk of theft or mismanagement of funds. Daily deposits enable the activity manager to keep tight control over the financial resources available for operations, making certain that cash levels do not exceed necessary amounts.

Daily deposits also align with operational needs, as many activities rely on continuous cash transactions throughout the day. By depositing cash daily, managers can better balance expenditures and revenues, providing a clearer picture of the financial health of their operations. This routine is crucial for maintaining the integrity of daily operations and ensuring accountability in financial management.

In contrast, less frequent deposits, like bi-weekly or monthly, could lead to a buildup of cash that poses risks, such as increased chances of loss or theft and difficulty in tracking day-to-day financial activities accurately. Weekly deposits might not be sufficient for all activities, especially during busy or high-volume periods, thus reinforcing the need for daily deposits to ensure optimal cash management.