In my opinion the common problem as narrated in the study note. Problem arises due to lac of proper monitering of system, some franchies and Branch Manager got chance to take misadvantages from the existing system. How to Manage the Fund and monitor the Sales & Sales collection to avoid this type of fake transcations. First of all as per software available for transcation and cllection monitering system, the person who check the daily transcations of franchies and Branches with the transcation statement with cash management system details where the all deposits of cheques/DDs will be tallied with the transcation statement. All indivisual client either from franchies or from Brach will be alloted separate ID then we can easily monitor recipt and payment balance and detail of clients who are having large no. of outstanding and fake cheque nos will be easily findout.On the basis of shortlisted list daily monitoring person can easily brought this type fraud in notice of management and immediate action will be taken to avoid the further fraud or malpractices in the transcations. the person responsible will be penalised. This will improve the working and liquidity of cllection of cash controlled.
