Get the free PRODUCTION PETTY CASH LOG

PRODUCTION PETTY CASH LOG PETTY CASH REQUIRED BETTY CASH HANDED BY Martha Smith John Accounting ManagerProduction Manager PC Reference #: 2108/2021 Date: 06/01/2021PC Request No: 0025/2021 Date: 06/01/2021

How to fill out production petty cash log

How to fill out production petty cash log

1. To fill out a production petty cash log, follow these steps:
2. Start by writing the date of the transaction in the designated column.
3. Write a brief description of the purpose of the expenditure in the next column.
4. Specify the amount of money spent in the 'Amount' column.
5. If the expenditure is for a specific category or department, mention it in the 'Category' column.
6. Provide any additional notes or comments pertaining to the transaction in the 'Notes' column.
7. Finally, calculate the remaining balance by subtracting the amount spent from the previous balance and enter it in the 'Balance' column.
8. Repeat these steps for each transaction made using the production petty cash.
9. Make sure to keep the log organized and up to date for accurate financial records.

Who needs production petty cash log?

1. The production petty cash log is typically needed by the production team or department in a company.
2. It helps to track and monitor petty cash expenses incurred during production processes.
3. This log is useful for financial recordkeeping, auditing, and expense analysis purposes.
4. It ensures transparency and accountability for the utilization of petty cash in productions.
5. The log may also be required by management, accountants, or auditors to ensure compliance and proper documentation of expenses.

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What is production petty cash log?

Production petty cash log is a detailed record of all the petty cash expenses incurred during a production, including date, amount, purpose, and recipient.

Who is required to file production petty cash log?

The production accountant or anyone designated by production management is responsible for filing the production petty cash log.

How to fill out production petty cash log?

Production petty cash log should be filled out accurately and promptly, detailing each expense with date, amount, purpose, and recipient, and keeping all receipts and documentation.

What is the purpose of production petty cash log?

The purpose of the production petty cash log is to track and monitor all petty cash expenses during a production, ensuring transparency and accountability.

What information must be reported on production petty cash log?

The production petty cash log must include date, amount, purpose, recipient, and any other relevant details of each expense.