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Running a business: Keeping records

Petty cash books

Keep a petty cash book to record how the cash available for day-to-day expenses are spent, eg milk, tea, postage and taxi fares.

When setting up a petty cash book you'll need:

  • a petty cash tin or purse to keep the money in
  • a petty cash book to record expenses.

Illustration of a petty cash book

2002 Petty cash book
Date Purchase Amount Balance
4/4 Opening balance $100.00  
4/4 Milk $2.60 $97.40
8/4 Taxi $22.50 $74.90
8/4 Coffee $10.95 $63.95
8/4 Tea $3.75 $60.20
10/4 Stationery $15.00 $45.20
11/4 Milk $2.60 $42.60
11/4 Tea $5.35 $37.25
15/4 Cheque from bank account ($62.75) $100.00
15/4 Taxi $22.50 $77.50
16/4 Drinks $35.00 $42.50
15/4 Afternoon tea $25.00 $17.50
17/4 Milk $2.50 $15.00
22/4 Cheque from bank account ($85.00) $100.00

 

 


Date published: 18 Jan 2005

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