Although the Name sounds
Petty, it is one of the most used System in any Business. Cash are made
available in the Office for Day-to-Day Transactions of the Business.
Organization use different
terms for Maintaining Cash kept for Office use. Some of the names are;
- Office Cash Account
- Main Cash Account
- Petty Cash Account
- Imprest Account
- etc
No matter the name that is
it called in your organization, it is the same cash that is used for business
transactions. Some Organization maintains the MAIN CASH ACCOUNT and the PETTY
CASH ACCOUNT.
The MAIN CASH ACCOUNT is used to make payments above a certain
limit of Amounts. It is also used to receive Cash from Sales and Services that
are not paid directly into the Bank Accounts by Customers.
The PETTY CASH ACCOUNT is
used to maintain Office Cash transactions below a certain limit of Amounts.
This is basically to manage Office Expenses (Telephones, Local Transportation,
Printing & Stationery, Postage, etc). Most people use the IMPREST CASH
SYSTEM to run the PETTY CASH ACCOUNT.
Are you having challenges
managing your Day-To-Day Petty cash Transactions? This is a simple solution for
you. This Template was designed for 45 Cost (Expense/Asset) Centers. Tell
us what you think about it. Follow the Instructions on the Excel Sheets carefully
in order to appreciate its functionality. This Templates was out together using
Office 10 and 365. You may need to save to an older version of excel if you
can’t open it on your system. Note that the Slicer on the Ledgers Sheet will
not work on Excel Versions before 2010. Kindly fill the form below to suggest
the type of Templates you are looking for. Also, you can also request for Full
Version Customization of any Template on Excel.
Download our petty-cash-system-template-1
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