Simple Petty Cash Template

Friday, January 5th 2024. | Petty Cash Templates
40 Petty Cash Log Templates & Forms [Excel, PDF, Word] ᐅ TemplateLab
40 Petty Cash Log Templates & Forms [Excel, PDF, Word] ᐅ TemplateLab from


A petty cash fund is a small amount of money set aside by a business for day-to-day expenses that cannot be conveniently paid by check or credit card. It is often used for small purchases such as office supplies, postage, or minor repairs. Managing petty cash efficiently is essential for maintaining accurate financial records and ensuring that funds are used responsibly. One way to streamline this process is by using a simple petty cash template.

What is a Petty Cash Template?

A petty cash template is a preformatted spreadsheet or document that helps businesses keep track of their petty cash expenses. It typically includes columns for date, description of expense, amount spent, and the person responsible for approving the expense. By using a template, businesses can ensure that all necessary information is recorded consistently and accurately.

Benefits of Using a Petty Cash Template

Using a petty cash template offers several advantages:

  • Organization: The template provides a structured format for recording expenses, making it easier to find and review information when needed.
  • Consistency: By using the same template for all petty cash transactions, businesses can ensure that data is recorded consistently, facilitating analysis and reporting.
  • Accuracy: The template prompts users to include essential details, reducing the likelihood of errors or omissions in the records.
  • Time-saving: With a preformatted template, businesses can save time compared to creating a new document or spreadsheet from scratch for each transaction.

Sample Simple Petty Cash Template

Here is an example of a simple petty cash template:

Date Description Amount Approved By
01/01/2022 Office supplies $20.00 John Doe
01/02/2022 Postage $10.00 Jane Smith
01/03/2022 Minor repairs $15.00 Mike Johnson

Frequently Asked Questions (FAQ)

1. How do I create a petty cash template?

To create a petty cash template, you can use a spreadsheet program like Microsoft Excel or Google Sheets. Start by creating columns for date, description, amount, and approved by. You can also include additional columns as needed for your specific business requirements.

2. Can I customize the petty cash template?

Yes, you can customize the petty cash template to suit your business needs. You can add or remove columns, change the formatting, or include additional information such as department or project codes.

3. How often should I reconcile petty cash?

It is recommended to reconcile petty cash on a regular basis, such as weekly or monthly. This involves comparing the total amount of cash in the petty cash fund with the total of recorded expenses to ensure they match. Any discrepancies should be investigated and resolved promptly.

4. Can I use a petty cash template for personal expenses?

A petty cash template is primarily designed for business expenses. If you need to track personal expenses, it is recommended to use a separate system or document to maintain clear separation between personal and business finances.

5. Are there any alternatives to using a petty cash template?

Yes, there are alternative methods for managing petty cash, such as using a dedicated petty cash software or app. These tools often offer additional features such as automated expense tracking, receipt scanning, and integration with accounting systems.

6. How long should I keep petty cash records?

It is advisable to keep petty cash records for a minimum of three years for auditing and tax purposes. However, you should consult with your accountant or legal advisor to ensure compliance with applicable regulations and requirements.

7. Can I use a digital petty cash template?

Yes, you can use a digital petty cash template created in a spreadsheet program or use a specialized petty cash management software. Digital templates offer the advantage of easy editing, automatic calculations, and the ability to back up and store data securely.

8. Is it necessary to get receipts for petty cash expenses?

It is highly recommended to obtain receipts for all petty cash expenses. Receipts serve as proof of the transaction and help to validate the accuracy and legitimacy of recorded expenses.

9. What should I do if I run out of petty cash?

If you run out of petty cash, you should request a replenishment from the appropriate person or department in your organization. Provide a detailed breakdown of the expenses incurred and submit any required documentation or receipts.

10. How can I prevent misuse of petty cash?

To prevent misuse of petty cash, it is essential to establish clear guidelines and procedures for accessing and using the funds. This includes assigning responsibility to a specific person, implementing proper approval processes, and regularly reviewing and reconciling the petty cash records.


A simple petty cash template can be a valuable tool for businesses to manage and track their day-to-day expenses. By using a template, businesses can ensure consistent and accurate recordkeeping, saving time and improving efficiency. Whether using a preformatted spreadsheet or a specialized software, adopting a petty cash template can help businesses maintain control over their petty cash funds and ensure responsible use of company resources.


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