Most of the company use petty cash to cover small expenses that may come up from time to time but without any kind of proper documentation. It has to be properly managed as a company’s petty cash program may be mismanaged or abused anytime. A petty cash log is required to record every transaction for managing this petty cash program and also provide a petty cash form for each use. There are several log sheet templates that you can use in making petty cash long including records of every deposit and withdrawal from the petty cash account.
The first thing you do is mention a title to your log sheet and in this context, it will generally be a Petty Cash Log. Providing a title to your log sheet is one of the most important things you need to do as it will determine what the document is about.
Start with the important subheadings like petty cash fund number, the date and the name of the recipient along with the name of the department and signature of the recipient.
Start making the log where you can add certain columns like date of transaction, receipt templates or documents that are included, description of the expenses or income and the account details.
Make sure you make a column for deposits to the account to keep an account of when the fund is replenished. The first payment that will be made to petty cash must be placed in the log as a petty cash deposit then all the transactions will be deducted from this amount. You can also see more on University Log Templates.
After finishing up with the log, make sure you have put all the information correctly and check whether all the information is put in the correctly. Check for any mistakes, correct them and you can take out a print. You can also see more on Cash Voucher in PDF Templates.
