Many schools have a canteen or tuck shop, and they take in large amounts of cash on a daily basis. Schools also have vending machines which are another source of cash income. The school must consider these operations as commercial activities and put the necessary controls in place.
Cashless Canteen System
Cashless canteen systems allow students to pay for school meals at their school canteen without the need to carry cash. Instead, the students use a pre-paid smart card enabling the student to pay on-site.
The total transaction is deducted automatically from the pre-paid card account. Money can be added to the card account either online via account or on-site, at the canteen till.