How to Maintain official & Personal Petty Cash soft copy.
From Bangladesh, Dhaka
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1From Bangladesh, Dhaka
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Dear Kamrojjaman, thank you for sharing the Petty Cash Register format. However, I have the following observations:
a) For every expenditure, a voucher has to be raised. It is better to mention the voucher number in the petty cash register as well. Therefore, a column for Voucher No needs to be added.
b) Whether it is petty cash or a significant expenditure, each spending has to be attributed to the specific line item (account head). There is no column for the account head.
c) The last three columns from the right should be "Incoming," "Outgoing," and "Balance." The last column of "Balance" should be updated whenever cash goes out or comes in. The column for "Balance" is not mentioned.
You may incorporate these changes.
Thank you,
Dinesh Divekar
From India, Bangalore
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a) For every expenditure, a voucher has to be raised. It is better to mention the voucher number in the petty cash register as well. Therefore, a column for Voucher No needs to be added.
b) Whether it is petty cash or a significant expenditure, each spending has to be attributed to the specific line item (account head). There is no column for the account head.
c) The last three columns from the right should be "Incoming," "Outgoing," and "Balance." The last column of "Balance" should be updated whenever cash goes out or comes in. The column for "Balance" is not mentioned.
You may incorporate these changes.
Thank you,
Dinesh Divekar
From India, Bangalore
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Petty cash statement.xls
Financial management- Two Marks.doc