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00 Petty cash reimburse Dave s Fruit Veg Dwayne Pyper Acme Autos trade in Self XYZ fund 81. 00 31 JAN 2016 Bank fee Direct debit 19 926. EXAMPLE CASH PAYMENTS BOOK Name of business My Business GST information for purchases excluding wages drawings and other withholding payments Date Details Payment type eg cheque no cash direct debit Total payments Total purchases Non-capital Claimable GST Period Jan 2016 Private use component Drawings Payments excluding any claimable GST Materials/ stock...
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How to fill out example cash payments book
How to fill out an example cash payments book:
01
Start by entering the date of the transaction in the first column of the cash payments book.
02
In the second column, record the details of the payment, including the name of the recipient or payee, the purpose of the payment, and any additional notes or reference numbers.
03
Record the amount of the payment in the third column. Make sure to accurately note whether it is an inflow or outflow of cash.
04
Calculate and record the running balance in the fourth column. This will help you keep track of the remaining cash balance after each transaction.
05
Optionally, you can use the fifth column to record any VAT or tax information related to the payment.
06
Ensure that you enter all payments accurately and consistently in the cash payments book, maintaining a chronological order of transactions.
Who needs an example cash payments book:
01
Small business owners: Keeping track of cash payments is crucial for managing business finances efficiently. An example cash payments book can help small business owners accurately record and analyze their cash outflows.
02
Accountants: Accountants often need to review and audit cash payment transactions. Having an example cash payments book can serve as a reference and facilitate their work.
03
Financial departments: In larger organizations with dedicated financial departments, having an example cash payments book can help establish consistent and standardized processes for recording and reporting cash payments.
Overall, an example cash payments book is beneficial for anyone who deals with cash transactions and wants to maintain a clear and organized record of payments made.
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What is example cash payments book?
The example cash payments book is a record of all cash payments made by a business.
Who is required to file example cash payments book?
Businesses that deal with cash transactions are required to file example cash payments book.
How to fill out example cash payments book?
Example cash payments book should be filled out with details of each cash payment, including date, amount, recipient, and purpose.
What is the purpose of example cash payments book?
The purpose of example cash payments book is to keep track of all cash payments and ensure proper record-keeping for financial management and reporting purposes.
What information must be reported on example cash payments book?
Information such as date, amount, recipient, and purpose of the cash payment must be reported on example cash payments book.
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