Free Printable Petty Cash Reconciliation Form
All Small Expenditure Company Tracking by Using the Petty Cash Reconciliation Form
Small expenditures seem so trivial to be considered, but when it comes to a company, it gives a big impact on the performance and income of the company, so that you would need a petty cash reconciliation form to keep a record and track its spending, In the other word, petty cash is cash that is used to pay minor expenditure which does not need any cheque issuance such as transportation fares, lunch meeting payment, official supplies payment, taxi fares, postage and many more. This petty cash should be refilled when it is almost run out to make a balance. If it is not balanced, then you should check it I the fund whether it is cash overage or short overage.
Therefore, who is responsible to record the petty cash reconciliation form? Petty cash custodian or cashier is usually done by an individual that is given the duty as a person who responds to control the petty cash fund. They also should do the documentation for the disbursement from the funds. Therefore, some advantages can be had when a company has petty cash controlled. First is cutting down bookkeeping, then, staff members are allowed to make small with authorized purchasing without making an expense report. This also helps the manager to reduce the need to pay out of its pocket. Further, by having petty cash, there are convenient source funds and preventing significant annual expense.
Samples Of Petty Cash Reconciliation Form :
You will be able to make a suitable petty cash reconciliation form and understand more about it. Some of the details here should be included in the template. Let’s check it out, then. Headings are a need when it explains briefly what it is. After that, you need to write the total fund and location or department also the date of count. There will be cash on hand on the lest column, where it contains currency from $1 to $100 bills, depending on the limits and amount; coins from 0.01 to 0.50, then total cash. Below that, there is a summary and a difference. At the next column is the transaction summary which explains voucher number, date, aim, amount, and G/L Acct. at the last column and rows before signature, there is followed by overage and shortage checklist and period of reconciliation. Then, dot forgets to put signature both for a disbursing agent and fund custodian. If you are interested in using this type of form, you can download a free example of the form at the bottom of this page.
Petty Cash Reconciliation Form | Pdf – download