![]() It’s still used today by some businesses, usually when they ran out of petty cash log sheet templates. Some even have it photocopied, so that they’d have a backup ready when they need it 2. ![]() That is why it was the preferred method before the printing press and computers were introduced. ![]() It’s easy to find a pe and paper, especially in an office setting. So, if you need a petty cash register, you’ll find the following methods useful. The good thing is that there are several ways on how you can make it. Even if it’s just a small amount, misuse of the fund will result in a loss for the business in the long run. That is why all transactions involving the use of the petty cash funds must be recorded in a petty cash register. The petty cash register is like a worksheet specifically used to record the date of transaction, amount before and after funds were taken, who issued the funds, and reason for using the funds. Reimbursement transactions are also recorded in the petty cash register. It is also necessary to issue a petty cash receipt when using petty cash funds. The fund may be used inappropriately or mishandled. Misuse of funds is a problem that may arise when cash is accessible. That is why a business must keep a petty cash fund accessible whenever they need to make small expenses. The purpose of a petty cash fund is to cover minor business expenditures like the purchase of office supplies, lunch payment, postage, taxi fares and other transportation fares, etc. Petty cash funds are basically cash on hand that usually does not exceed $25. Processing a check will also take a lot of time, and the wait time may affect some of the operations of the business. Businesses don’t always need to issue cheques whenever they need to pay certain expenses. It’s unreasonable to issue a cheque if you only need a small amount of money. ![]()
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