Get the free PETTY CASH OR CHANGE FUND RECONCILIATION FORM
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Petty Cash Reconciliation
Section 1: Custodian Information
Custodian: ___
Organization/Dept: ___
Phone: ___Email: ___Section 2: Reconciliation Details
CurrencyCoinHundredsDollarsFiftiesHalf DollarsTwentiesQuartersTensDimesFivesNickelsTwosPenniesOnes
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How to fill out petty cash or change
How to fill out petty cash or change
01
Create a petty cash log to track all transactions.
02
Determine a starting amount of petty cash.
03
Record each transaction in the petty cash log, including the date, amount, purpose, and recipient.
04
Keep all receipts for petty cash purchases as documentation.
05
Reconcile the petty cash fund regularly by counting the remaining cash and comparing it to the total recorded transactions.
Who needs petty cash or change?
01
Small businesses that frequently make small cash purchases.
02
Organizations that require quick access to small amounts of cash for emergencies or unexpected expenses.
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What is petty cash or change?
Petty cash refers to a small amount of cash kept on hand for minor or incidental expenses, rather than using a check or credit card.
Who is required to file petty cash or change?
Typically, businesses and organizations that use petty cash or change for transactions or reimbursements are required to keep records and file for accountability.
How to fill out petty cash or change?
To fill out petty cash or change, one usually needs to complete a petty cash voucher or form detailing the date, the amount taken, the purpose of the expenditure, and the signature of the person receiving the cash.
What is the purpose of petty cash or change?
The purpose of petty cash is to manage small expenditures without going through the formal purchasing process, allowing for quicker and more efficient handling of minor purchases.
What information must be reported on petty cash or change?
Information that must be reported includes the date of the transaction, the amount spent, the reason for the expense, and the signatures of the individuals involved.
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