Petty Cash Log and What to Know Inside It

In every kind of the business, the employees will have rule to handle the petty cash. Then, it is also quite useful for the employee to record everything in the petty cash log. Well, do you ever hear about the detail of the log of petty cash?

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In common, the log of petty cash could be easily done using the spreadsheet software, such as Microsoft Excel. By using this software, of course making the detail of log of petty cash will be easier and you could write about the important financial information inside it without problem.

In this occasion, we will talk to you about the details matter of the right petty cash log. Knowing the things of it will be important, especially to help you making the good one. Then, for those who are curious with it, please take a sit and read some following writings below.

Importance of Having a Pretty Cash Log

To know more about the log of petty cash, it is always important that you know the importance of having this document. The importance of the log of petty cash can be the sign why this document is needed and why it is also important to be applied in business field.

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Those are some importance of this document to know before you decide to make it. Some importance of the log of petty cash that you need to know are:

  • This kind of document is a very systematic way for you in order to maintain the documentation of all petty payments and expenses which occur inside the business on the daily basis
  • The log of petty cash will provide the information needed with regard to handle the small transaction. In common, this matter is made and recorded by the different people
  • The document will be useful as the reference when you want to do some comparisons between two times period and it will be useful to control the petty in more effective ways
  • Having this kind of log of petty cash will be useful in order to help you making cash book with more detail information
  • The detail of petty cash log will be useful in order to keep the records of the cash transaction. The data of current and up to date transaction could be tracked well, so the information about it could be caught in simple
  • The document will be useful in order to control the payment. The document will show the detail records of the payment, so you could reread it to get the solution from a problem

Types of Petty Cash Logs

There are some types of the log of petty cash that you need to know before making it. Some types of it are:

  • Simple – it is the most basic log of petty cash to apply
  • Analytical – this type of log, you will be able to specify this to the person that you want to know the information
  • Columnar – it is a type of log that will be useful to record the daily expenses

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Well, that is all about the petty cash log that you need to know. You may do some researches in order to find the sample of it.

 

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