Petty Cash Log

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Petty cash log business name for 04/01/2016 through 04/02/2016 date 4/1/2016receipt no. 9074/2/20161200description deposit to petty cash movie passes for overtime workersbalance $31.47amount deposited $50.00amount withdrawn$18.53charged to petty...

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What is Petty Cash Log?

A petty cash log is a detailed record of small expenses that are paid for in cash. It helps businesses track and manage day-to-day expenses that are not suitable for traditional accounting methods.

What are the types of Petty Cash Log?

There are two main types of petty cash logs: manual and electronic. Manual petty cash logs involve writing down transactions by hand in a physical logbook, while electronic logs are kept digitally using software or online tools.

Manual petty cash log

Electronic petty cash log

How to complete Petty Cash Log

Completing a petty cash log is easy and essential for accurate financial record-keeping. Follow these steps to effectively complete your petty cash log:

01

Record the date of the transaction

02

Note the purpose or description of the expense

03

Enter the amount spent

04

Maintain a running balance of the remaining cash

05

Reconcile the petty cash log regularly with physical cash on hand

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