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Basically a petty cash log template can be easily done in any spreadsheet softwaresuch as Microsoft Excel wherein you’d create a format with columns to record all the important financial information about petty cash transactions.A petty cash form can be created in your computer and the columns can be filled out there as well.This type of log would contain a lot of columns for amounts of money so you can record daily expenses and it should have a debit and credit side.All the particulars such as receipts and expenses are recorded together in a column which you can name “particulars.” Another column would contain dates for debit and credit records.When the period is over, the petty cashier would have to submit a statement of expenditures incurred to the head cashier.With this system, it would be important to note that the total amount of expenditures should not exceed the amount given by the head cashier.
Throughout the day, quite a number of petty expenses are done especially for bigger organizations and having a book to record everything in is essential so you don’t lose track of your money and you don’t end up having questions about daily expenditures.
Then at the end of the day, you can compute the total funds you have left in your box.
With this type of log, you’d have to create a separate column for each of the headings of expenses in the credit part of your log.
Before you start making your log, it would be helpful to learn about the different types, which would serve different purposes.
Though you can make your own petty cash log template, learning about the different types can help you out immensely.
Usually a custodian is appointed to administer the petty cash and it is his/her duty to account for the expenses incurred out of petty cash fund.