Little cash, like the name indicates, is a slight sum of cash, which is kept available for the daily dealings and costs by some company or organization. As far as small dealings are concerned, companies employees find it more easy and comfortable paying readily with cash, rather than writing and giving a check.
Many companies have petty cash on side for different little expenses that require immediate compensation. It is handy, and it can be a insurance deductible company costs. In cases where surprising and surprising costs occur, the cash set aside for similar requirements becomes quite useful.
Companies are also advised to keep a detailed history of all the petty cash quantity that is spent here and there, because in the end, all the quantity contributes up to a significant sum of cash. Therefore, you should keep a record of it through commonly used petty cash records. These form act as statements for keeping statement of small dealings such as petty cash, and will allow you to keep a record of essential info such as the quantity of cash, the person involved and the time frame. All company expense statements are registered in the proper manner in the records division, to be remembered whenever required.
For this purpose, we have this petty cash design shown below. You can easily manage your firm’s petty cash using this design. It includes different areas like time frame, invoice, information, remains, and distributions. Our petty cash design will help you to history dealings, which can then be added to your records.
Here is the preview of this Free Petty Cash Template,