EVALUATION OF THE IMPLEMENTATION OF INTERNAL CONTROL OVER CASH MANAGEMENT (A CASE STUDY OF PROVIDENT FUND BENEFIT) IN PT JAMSOSTEK

Abstract

This research was conducted to evaluate the over cash management procedure in this company, and to analyze the implementation of internal control over cash management of the company. In this study, the writer took PT. JAMSOSTEK Cikarang branch, Jababeka as the writer object. PT. Jamsostek is a public program that provides protections for workers to overcome the socio-economic risks that use of social insurance mechanisms. This research is using qualitative data analysis with instrument inquiry the client, observation, documentation, and confirmation. As such, the qualitative method used in this research is to analyze and evaluate the internal control of over cash management. It is for finding out whether the implementation of cash management flow already complies with the stated rules and regulation. Based on the research that has been done, there are several employees in PT. Jamsostek who become brokers to help the participant to process their claim its make the queuing disorganized and make the participant who come first waiting longer. this problem occurs because the process of claim assurance is too long so the participant don’t want to waiting for a long time, and lack of counter cashier in provident fund benefit payment its make the process of payment not efficient anymore based on the amount of the participant because of this problem PT. Jamsostek have to additional working hours the employee to cover all the participant The writer recommends the PT. Jamsostek improve their internal control over cash management in provident fund benefit claim is starts from the brokers, head of service department should given the punishment to the employee who will be the broker and for the counter cashier added based on the amount of participant to make the process of payment more effective and efficient.