A general rule that should be followed for depositing cash is that it should be deposited as quickly as possible the day the week after it is received, and handled by an independent person. as few people as possible. anyone in the company's accounting department. one person only. the manager of the accounting department. It is, ideally, the person not receiving receiving the cash that should prepare the prelisting and instruct another employee to prepare prepare review the deposit immediately afterward. That person should should not deposit the cash in the bank