A petty cash reconciliation sheet is an accounting document used to reconcile the total of cash and paid vouchers with the authorized petty cash float.
Cash + Vouchers = Petty Cash Float
Reconciling petty cash is an important part of the internal controls of a business. It is important to reconcile the petty cash account on a regular basis, typically at the end of each month or whenever the balance of the account changes significantly. This helps to ensure that the petty cash account remains accurate and that any discrepancies are identified and addressed promptly.
Using the Reconciliation Sheet
The petty cash reconciliation sheet provides a summary of the petty cash counted by denomination, quantity and amount. Additionally it shows a total of paid vouchers contained within the petty cash box.
The total of the petty cash and vouchers together should equal the authorized petty cash float. Consequently any difference between the two is recorded and a comments box allows for an explanation of the difference.
Finally the petty cash reconciliation sheet is signed and dated by the person who carried out the count.
Petty Cash Reconciliation Sheet Template Download
The cash reconciliation sheet is available for download in PDF format by following the link below.
Notes and major health warnings
Users use this reconciliation sheet at their own risk. We make no warranty or representation as to its accuracy. Additionally we are covered by the terms of our legal disclaimer, which you are deemed to have read. This is an example of petty cash count sheet template that you might use. It is purely illustrative. Furthermore this is not intended to reflect general standards or targets for any particular company or sector. If you do spot a mistake in the petty cash count sheet template, please let us know and we will try to fix it.
About the Author
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.