A petty cash template is that which is an organization or business kept in the form of cash for day to day expenditure. This cash is used for that purpose where amount is not paid through check or it uses for miscellaneous expense of business. Petty cash template custodian is responsible for the petty cash. It custodian has estimated petty cash that is required in an organization in daily activity. Mostly petty cash used to pay advance to employee against the salary. It can be used for entertainment expenses and also used to pay repair and maintenance expense to employee or management.
Importance of Petty Cash
A petty cash is a small amount of cash and coins that is used by an organization for expenditures on small items. Instead of writing a check for small payments, petty cash is an easy way to pay small amounts owed. Therefore, it becomes very important to keep a petty cash book which is used to record a number of expenses of small nature. This gives many advantages, which includes reduction in numbers of transactions, reduction of errors, check on expenses, savings of time sand labor, control on petting expenses, and saving of space. Keeping its importance in view, we have presented here a petty cash example. Feel free to use this example as it contains all the necessary sections and details that you would need in recording petty cash transactions.
Useful Critical Points
1- Always download petty cash template after making it sure that you really need it. A template which is not as per your requirements, can only damage your work. Instead, choosing a relevant template can bring life to your work.
2- All petty cash templates provided in this website are fully designed and equipped with quality contents; however, you should consider addition as opportunity rather extra work. It will help you in preparing a master piece.
3- Categories are given on the right side of this website, which can help you in choosing the right template for you. In case, if you feel trouble in searching your requirement template, you may use search tab to locate your design template.
4- Necessary amendments are part of high quality work. We shall insist on improving quality of your work by making undeniable changes in this/all templates that you will download from this website.
5- Adding tags and description after preparing your petty cash template can add attraction from user’s point of view. It will make your template more effective and attractive for your boss as well.