how to create petty cash account in excel | how to create cash book in excel | how to make cashbook

Описание: Petty cash journal entries account
Petty cash book has become a useful document to save time and increase work speed. Each payment made is under a particular head and not posted into the ledger separately. The head cashier enters this periodic total with a single entry as Petty Expenses in books of accounts.

Tips and Tricks for Handling Petty Cash account
Allocate a reasonable amount of cash from your Main Cash for petty cash payments. It should not be excessive.
Initially define the usage of petty cash.
Instruct your employees handling petty cash to record everything.
Do not handover excessive petty cash amounts to employees.
Keep regular supervision on Petty Cash Funds.
Ensure that the petty cashier disburses the cash against receipts as and when possible.
Reimburse petty cash funds timely to avoid unnecessary chaos.
Make sure that the initial petty cash deposit amount is enough to cover day to day expenses along with a little extra amount for some unforeseen circumstances.


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