Spectacular Petty Cash Expense Sheet

Petty cash is a small number of funds that the company keeps in a safe location.

Petty cash expense sheet. This spreadsheet is perfect for small businesses. As stated earlier petty cash is in its most basic form emergency funding for the employees to use for when there is a need to purchase materials office supplies or even just to replace a water machine for the employees. What Is a Petty Cash Log.

The Petty Cash Box Here is a simple solution. The petty cash log is useful for keeping a running total of the. Even all the calculations for each expenses total and other calculations can be time consuming job.

The following entry records this transaction as follows. A petty cash log can be taped to the envelope or stored with the cash so that whenever you remove or add cash you can use the form to record the date payee purpose. Petty cash log is a well-organized manner to track a small amount of money that is used.

Petty cash is often used for meeting refreshments reimbursing an employee for office supplies she purchased or other miscellaneous expenses that require payments in cash or coin. Cash can be kept in a safe or petty cash box. Petty Cash book template excel sheet Petty Cash book template excel sheet.

Or you can merge this account with the cash in hand account of the entity. A business establishes a petty cash fund by writing a check for say 100. Manage your companys secondary cash using this accessible petty cash log template.

Changes in Owners Equity. And thus present in the balance sheet. The petty cash account will be shown in the balance sheet under the head of current assets.