Points to Include in Petty Cash Log
In general, the template of the petty cash log is in the form of columns that you can make it by using Microsoft Excel. Of course, it is possible also to create it via Word but it means you cannot easily calculate it. The number of columns and rows can be various depending on your necessities and the company’s regulation. However, there are indeed some points that must be included in the Petty cash log template. What are they?
To make anything clear, the date is an important point. Moreover, it is related to the data with money. So, in the first column, there must be the date. Make sure that the column is enough to mention the date along with the month and year. This way, every time you need to record new data, you will not forget to mention when the recording happens.
After the data, there is a column for the receipt number. Although it is considered not really important for some reasons, in general, almost all the data must have a receipt number that is different from one to another. The number is to ease you in tracking from where the fund comes from particularly if there is something weird in it.
The column for description must be larger than the others since you may need to type down many things there. It is even necessary to use more than just a row when the description is too long. There is indeed an unwritten rule that the description should not be too long. Well, the short and brief one is enough as long as it is understandable. But to make anything clearer, the long one is not bad, isn’t it?
The Deposited and Withdrawn Amount
The last two columns are about the amount for the deposited and withdrawn money. Since the columns are related to numbers, it is okay if they are not too big or wide. However, the column should be enlarged if the cash log is not as petty as it seems. For the petty cash reconciliation template, the number of columns is added to make anything clearer. Even the payee and balance are necessary to add in the petty cash log.