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This document is a report used by Brewton-Parker College to track and report petty cash expenditures, requiring documentation such as receipts or vouchers.

How to fill out report of petty cash

How to fill out REPORT OF PETTY CASH EXPENDITURES

1. Gather all receipts and documentation related to petty cash expenditures.
2. Complete the header section of the report including date, department, and period covered.
3. List each expenditure in the appropriate columns, including the date, description, amount spent, and total amount.
4. Make sure to categorize each expense (e.g., supplies, meals, travel).
5. Attach all receipts to the report for verification.
6. Verify that the total of the expenditures matches the original petty cash fund.
7. Obtain necessary approvals and signatures before submitting the report.

Who needs REPORT OF PETTY CASH EXPENDITURES?

1. Finance department for accounting purposes.
2. Managers who oversee employee expenditures.
3. Auditors during financial reviews.
4. Any team that requires a summary of petty cash usage.

People Also Ask about

How to write a petty cash report?

Petty Cash Reporting Count the cash balance in the petty cash fund. Compare the cash balance to the log of transactions. Identify any discrepancies and investigate as necessary. Prepare a petty cash journal entry to record all the expenses incurred. Refill the petty cash fund to its original designated amount.

What is a petty cash summary?

What Is Petty Cash and What Is It Used For? Petty cash is the money that a business or company keeps on hand to make small payments, purchases, and reimbursements. Either routine or unexpected, these are transactions for which writing a check or using a credit card is impractical or inconvenient.

What is a cash summary sheet?

The Cash Summary shows the movement of cash into and out of your organisation for a selected period.

What information would you include in a petty cash report?

Petty cash is recorded in accounting by maintaining a petty cash log that includes the date, amount, purpose, and recipient of each transaction. The petty cash account is typically replenished periodically by recording a journal entry that debits the individual expense accounts and credits the petty cash account.

What is a petty cash summary sheet?

Instructions. A petty cash fund is a fixed sum of money for the purpose of making cash payments for small purchases where more formal procurement or payment actions would be uneconomical. The form is to be used to summarize purchases and request replenishment of the fund.

What are examples of typically petty cash expenditures?

Examples of petty cash expenditures include human subject payments, cab fare, and miscellaneous inexpensive purchases of office or lab supplies.

What is petty cash summary book?

A petty cash book is not similar to your computer accounting record. Instead, it is a ledger book used to note down all petty expenses. Whenever there is any payment made for smaller office or business expenses, that expense is recorded along with the amount and date in a petty cash book.

For pdfFiller’s FAQs

What is REPORT OF PETTY CASH EXPENDITURES?

The REPORT OF PETTY CASH EXPENDITURES is a financial document that records the small, miscellaneous expenses paid out of a petty cash fund. It details each transaction made with the fund, ensuring transparency and accountability in financial reporting.

Who is required to file REPORT OF PETTY CASH EXPENDITURES?

Any organization or entity that maintains a petty cash fund is required to file a REPORT OF PETTY CASH EXPENDITURES. This includes businesses, schools, and non-profits that utilize petty cash for small purchases.

How to fill out REPORT OF PETTY CASH EXPENDITURES?

To fill out the REPORT OF PETTY CASH EXPENDITURES, gather receipts and documentation for each transaction. Include details such as the date of expenditure, purpose, amount spent, and any necessary approvals. Complete all required fields on the report form accurately.

What is the purpose of REPORT OF PETTY CASH EXPENDITURES?

The purpose of the REPORT OF PETTY CASH EXPENDITURES is to provide a detailed account of petty cash transactions, ensuring that all expenditures are justified and properly recorded for financial tracking and audits.

What information must be reported on REPORT OF PETTY CASH EXPENDITURES?

The information that must be reported on the REPORT OF PETTY CASH EXPENDITURES includes the date of each transaction, the amount spent, a description of the expense, the name of the person who requested the payment, and any relevant receipts or documentation.