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  • Petty Cash Reconciliation Form Print 2020

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Receipts for each transaction are required regardless of the amount. Receipts are kept as evidence for the Cash Fund Activity Log and are required to replenish the fund.

Helpful Tools No. ... Date – Enter the date that the petty cash receipt is prepared. Pay To – Enter the name of the payee who received the petty cash disbursement. $ (Dollar Amount) – Enter the total amount of the payment. Description – Enter a brief, but specific explanation of what the funds were used for.

The following is a step-by-step process for conducting petty cash reconciliation: Count the cash in the petty cash lockbox. ... Collect all petty cash vouchers. ... Record all vouchers in the petty cash log. ... Total the vouchers. ... Replenishment of the petty cash box. ... Update accounting records. ... Reconcile petty cash.

What is Petty Cash Reconciliation? Petty cash reconciliation is the process of verifying transactions involving petty cash funds. Its purpose is to ensure that funds are being used appropriately. It is an important internal control for fraud prevention.

How to Keep Track of Petty Cash Step #1 - Purchase a Lock Box. ... Step #2 - Assign Responsibility. ... Step #3 - Store the Petty Cash Box and Set a Limit. ... Step #3 - Deposit Cash into the Petty Fund. ... Step #5 - Create a Transaction Log. ... Step #6 - Track the Petty Cash Fund on the Accounting Records of Your Business.

If it is too small you will have to constantly replenish the funds, and if it is too large it means you have cash on hand which should be more safely kept in your bank account. Keep petty cash in a locked box or drawer. It's better if only one or two people are responsible for petty cash.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232