Sales and Services Associate (SSA) Academy Practice Test 2025 – The All-in-One Guide to Master Your Exam!

The daily financial report is a crucial document that tracks various financial transactions and ensures the accuracy of the business's financial status. It primarily keeps a record of receipt controls and cash, as these elements are essential for monitoring daily sales, managing cash flow, and ensuring that any discrepancies can be promptly identified and addressed.

By documenting cash received from sales and matching it against the receipts issued, the report helps maintain accurate financial records necessary for bookkeeping and auditing purposes. This daily oversight is vital for making informed financial decisions and sustaining operational efficiency. Furthermore, having a clear record of cash and receipts protects the business from potential fraud and errors, ensuring transparency and accountability in financial practices.

The other options do not align with the primary focus of a daily financial report, which is centered on financial transactions rather than customer interactions, employee evaluations, or specific orders.