What is the Relevance of Using Petty Cash Book?
Petty cash book will help you to sort the cash expenditures manually, although it will be a little bit more complicated compared to using computer cash book. The details of petty cash log will help you in giving the correct time and date of cash expenditures. Both computer and cash book have their own usage. A computer can be easier to operate, but there are some problems that could occur if there is some damage or computer breakdown. This works the same way with cash book if it is lost and no back up for the log, then trouble can arise. Usually every week, the person that is in charge of the log book can copy the content and keep them save as a back-up.
For those of you who are still new to using a cash receipt template, you can start with sort some information about the expenditure. For example in one week, what have you done with your money; you can make a table that contains date, purchase or receipt, amount, and balance. Next, you can write the day followed by the purchase or receipt type opening balance. After all that, you will have to check if the balance sum of the credit and debit. Both of them have to balance out. This way, you can find out how much money you spend in 1 week. This can also be done for your work in an organization or a company.
If you want a professional petty cash log, you can download it online or you can create it yourself. Most of them can easily be edited accordingly depending on your needs. To make it easier, you can create a petty cash template by using Microsoft Excel. In the cash log, don’t forget to write the “date from” and “date to” or in another word the period of the week. After that, write down the date, “paid to” or “received from”, purpose, approved by, cash out, cash in, and balance. Same with above, before you write your summary, you will have to make sure that all the details are done correctly. Double check all the input before you balance them.
Free Printable Petty Cash Book Template – downloadUnique in your case who seeking invoice templates :
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