Cash Log Information for Premium Audits

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GOALS OF THIS GUIDE

LWCC recommends that all employees and contractors or subcontractors are paid by check. If a policyholder chooses to pay in cash, it is very important that proper records are kept. A cash log is required and must be provided to the auditor during the audit each year.  The cash log must contain the following information to be accepted:

  • Payment Date
  • Type of Payment
  • Payment Amount
  • Payee Name
  • Last 4 of SS#
  • Description of Service Provided


It is also recommended that all payments in cash are signed for by the payee at the time of payment.

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