CASH MANAGEMENT METHODS IN RETAIL STORES: A STUDY WITH REFERENCE TO SPENCER'S RETAIL, HYDERABAD

Cash management is one of the most critical financial management functions in organized retail because it directly influences liquidity, operational efficiency, financial control, and business continuity. The study indicates that Spencer's Retail stores in Hyderabad have established systematic cash management procedures supported by effective cash collection practices, daily cash monitoring, reconciliation systems, internal controls, and increasing adoption of digital payment methods. Employees possess adequate awareness of organizational cash management policies and receive sufficient training to perform financial operations accurately. Strong management support, technology-enabled transaction systems, and structured financial procedures contribute significantly to operational stability and customer satisfaction. Although existing practices are effective, continuous technological advancement, employee development, strengthened internal controls, and periodic monitoring will further enhance cash management efficiency and financial performance. Overall, Spencer's Retail demonstrates sound cash management practices that effectively support operational excellence, financial accountability, and sustainable retail business growth.

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