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Post Info TOPIC: Petty Cash Difference
Jenny1974


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Petty Cash Difference
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I'm helping my sister with a set of books for a company that keeps their petty cash account at £100. If it is a few pounds off and we can't find the difference, how do we adjust it back to £100?

 



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Jenny
BudgetB


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My answer would be to look for it again, the difference is always lurking in there somewhere!

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Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 
Stuartbham


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I agree, the difference is always there. Its quite common for me not to be able to find a difference in the evening, so if I leave it and go back to it the next morning I always find it within about 5 minutes!

 



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Stuart

Birmingham City FC - Blues is my religion St Andrews is my church
MarkS


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If you have looked and cant find would write off to sundry expenses

MarkS



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Jenny1974


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Yippee managed to find the difference! Followed your advice Stuart, left it for half an hour and then it jumped out at me.

Still not that confident with bookkeeping but I love the buzz when you get something to balance.smile

Thanks for all the replies.



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Jenny
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