You need to know where those numbers came from, specifically your bank account. In most large companies, each department has its petty cash fund. 40 petty cash log templates forms excel pdf word web 40 petty cash log templates forms excel pdf word in all kinds of businesses employees would have to handle petty cash at one time or another. QuickBooks reports can be manipulated so if you think that just because your bookkeeper provided you an income statement and balance sheet it doesn’t mean what is reported is the truth. 20 Free Petty Cash Receipt Templates (Word PDF) Petty cash fund, referred to as petty cash, is a kitty found in companies and businesses, and it’s issued for payment of small expenses such as office supplies, reimbursements, catered lunch, office flowers, newspapers, etc. If you do not review your records you will never know what is going on within your books. Date Enter the date that the petty cash receipt is prepared. Training your employees and putting guidelines on computers, confidential documentation destruction, storage and even customer shipments will help them know what to look for and prevent as well. Enter the sequential number assigned by the custodian of the petty cash fund. Make sure your internal control procedures include all aspects of asset protection against your organization. You can also see Cash Receipt Forms Blank Petty Cash Receipt Form ua.unm. It is a lot less expensive than the average cost of a fraud examination which can run at least $15,000 before lawyers are involved.įraud isn’t just employee embezzlement – customer fraud is high along with cyber security issues and identity theft. Petty cash receipt forms are simple cash receipts to keep track of these simple payments in the form of cash. If internal controls are over your head and you don’t have the time hire an outside consultant to protect your assets.

Hire an Outside Consultant – CFE, CIA, CPA

If the average small business loses at least 5% of their revenues annually to fraud, budgeting internal control review, maintenance and implementation as you would your tax preparation and accounting fees will save you hundreds of thousands in lost revenue from fraud.

Petty cash receipt template excel