Petty Cash Balance Sheet

Whether you manage the finances at your work or at home, adequate administration is essential and important. A business often uses a petty cash account for tracking the small payments physical cash flow. A petty cash balance sheet can be taped to the envelope or stored with the cash so that whenever you remove or add cash you can use the balance sheet form to record information such as date, payee, purpose, and amount. Accurately keeping track of financial data is not only critical for running the day-to-day operations of your small or medium-sized business, but it is also important when seeking funds from investors or lenders to grow your business to the next level.