July 21, 2018November 30, 2019 admin petty cash log, petty cash log book, petty cash log printable, petty cash log sample

Petty Cash Log

An Easy Way To Record the Petty Cash in A Petty Cash Log

A petty cash log is useful to monitor a small amount of money of transactions, which may be unnoticed. It is considered as an easy way to record the flow of petty cash as well.

You can use a petty cash log template when you want to record and note all the transactions which use the petty cash. This template is vital to track the money flow since petty cash is usually used for a smaller amount of money transactions. You can get more information about this template in this article.

The Kinds of Petty Cash Log Template

The template of the petty cash log has several types that are based on each function. The most usable one is a simple templatew. This template is the basic one. This kind of model provides a single cask log. So, you need to add more columns to accommodate your needs.

The analytical petty cash log template is the next type. It has the debit part. The columnar this template allows you to have more columns without creating one. You can name the column and record your daily expenses directly. The imprest this template is similar to columnar, but it has many columns on the credit side and only a column in the debit side.

1. The basic columns

Working with a petty cash log is as easy as flipping your hands. There are many columns you can use to note and record any expenses in your daily working area. But, you have to know the basic columns that must be in a petty cash template.

One column for the withdrawals
One column for the checks
One column to write the purpose of the expenses
One column for the deposit information

2. The petty cash note function

A petty cash log can be vital for any business. It will record any transaction that happens daily in the workplace. The small number of money expenses are usually out of attention to be registered. So, to prevent the loss and missing information, you can use the log. Other functions are:

It can maintain the documentation systematically
The vital information about the expenses is provided well
It provides you a reference to check the expenses time by time

The petty cash log could make the work in a company more systematic. It can also avoid fraud and theft since every expense is recorded well.

8+ Petty Cash Log Templates Excel Templates

By : www.getexceltemplates.com

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As a business proprietor, you must have records of the previous 3 years in addition to the current one. All you can strive for when you’re making records is they’ll continue to be well worth playing a couple of years later on. Since you can see, obtaining a record of your small transactions is extremely crucial as it would make work a great deal simpler and a good deal more convenient. Another great suggestion is to keep a great record of transactions.
The money account is usually affected by various transactions. Generally, it is listed first because it is the most liquid asset. Start at the beginning of the period for the general ledger and review all of the business’s transactions where it has been used. Petty accounts may also be counted as assets so that it would be helpful to include them in your books.
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