Accounting Tools

APRIL 1, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Petty Cash Voucher? A petty cash voucher is a standard form used as a receipt whenever cash is withdrawn from a petty cash box.

Petty cash 40

Petty cash General Ledger Reconciling Bookkeeping 40

Accounting Tools

NOVEMBER 26, 2023

What is a Petty Cash System? A petty cash system is a set of policies, procedures, controls, and forms that a company uses to dispense cash for various miscellaneous needs, such as office supplies and services. The basic process of setting up a petty cash system is: Location. Fund petty cash boxes.

Petty cash 40

Petty cash General Ledger Expense Reports Reconciling 40

Accounting Tools

AUGUST 7, 2023

Related Courses Optimal Accounting for Cash How to Audit Cash The Balance Sheet What are Cash and Cash Equivalents? Cash and cash equivalents is a line item on the balance sheet , stating the amount of all cash or other assets that are readily convertible into cash.

Petty cash 75

Petty cash Billing Auditing Accounting 75

Accounting Tools

FEBRUARY 8, 2024

What is a Cash Voucher? A cash voucher is a standard form used to document a petty cash payment. When someone wants to withdraw cash from the petty cash fund, that person fills out the cash voucher to indicate the reason for the withdrawal, and receives cash from the petty cash custodian in exchange.

Petty cash 75

Petty cash Reconciling Financial Statements Bookkeeping 75

Accounting Tools

JULY 17, 2024

The imprest balance is the amount of cash stated in the general ledger for the petty cash account. Instead, when cash is issued to replenish a petty cash box , the debit is to the expenses for which cash was paid, while the credit is to the general cash account. This amount does not change.

Petty cash 52

Petty cash General Ledger Bookkeeping Auditing 52

Accounting Tools

MAY 21, 2023

Responsibilities of a Full Charge Bookkeeper The subject areas over which the full charge bookkeeper has responsibility are as follows: Record and pay accounts payable Issue invoices to and collect from customers Calculate pay and issue payments to employees Create financial statements and related financial reports Remit payroll taxes , sales taxes (..)

Bookkeeping 75

Bookkeeping Petty cash Payroll Reconciling 75

Accounting Tools

APRIL 8, 2024

The imprest amount is the fixed amount of cash that is presumed to be located in a petty cash box. For example, the initial funding of a petty cash box is $300, and this amount is recorded in the corresponding general ledger account for petty cash.

Petty cash 40

Petty cash General Ledger Bookkeeping Auditing 40

Accounting Tools

JUNE 8, 2023

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook How to Conduct an Audit Engagement Records Management What are Source Documents? Cash Register Tape A cash register tape can be used as evidence of cash sales, which supports the recordation of a sale transaction.

Petty cash 75

Petty cash Invoicing Bookkeeping Reconciling 75

Accounting Tools

AUGUST 29, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is an Imprest Fund? An imprest fund is a small amount of cash that is set aside for use in paying for incidental expenses.

Petty cash 40

Petty cash Reconciling Bookkeeping Auditing 40

Accounting Tools

MARCH 25, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Imprest System? The imprest system is an accounting system for paying out and subsequently replenishing petty cash.

Petty cash 40

Petty cash General Ledger Bookkeeping Auditing 40

Accounting Tools

APRIL 13, 2023

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud Money Laundering What is the Fraud Triangle? For example, a person stealing from a company’s petty cash box might rationalize it as merely borrowing, with the intent of paying back the funds at a later date.

Petty cash 40

Petty cash Auditing 40

Nanonets

JANUARY 17, 2024

Now, you might be thinking, "We've got this covered with our trusty spreadsheets and quarterly audits." Maintaining a thorough and easily accessible audit trail is essential for compliance and transparency. Audits aren't just about compliance; they are about ensuring the integrity of financial reporting.

Expense Reports 52

Expense Reports Budgeting Data Entry Auditing 52

Cloud Accounting Podcast

MAY 18, 2020

narrative-based guidance similar to previously issued interim final rules, which ideally would clear up much of the confusion surrounding critical definitions from what items are included in payroll costs to the treatment of guaranteed payments, or self-rental payments. Then, they started saying that everybody's gonna get audited potentially.

Payroll 40

Payroll Billing Deposits Auditing 40