Another question about my quirky little restaurant.
When I come to balance off petty cash at the end of the month, there is invariably a sum of money missing that is unaccounted for. Sometimes it's as little as £10, sometimes - rather worryingly - its as much as £200. Despite my best detective work, I rarely find out where that amount went.
Could you please tell me how I post this 'missing' amount into sage so that I can start the new month with the correct petty cash balance.
Legitimate expenses of up to £200 could be being incurred but not claimed.
Don't know the exact circumstances but generally I would reconcile the cash till every day so that whoever was in charge has to account for where the dosh went. Tim
The dallas photo's are a theme from a long time back that we went back to so that Amanda would go back to her poison dwarf avatar.
All started originally with a chat on the site about me working in texas which went to a JR Avatar with the texas flag and then spread.
Other themes have been Only Fools and Horses (that was a good one) and Cartoon characters.
All just shows what wild and wacky characters we bookkeepers and accountants are! (yer, right!)
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I know how it arises. It's because the restaurant manager is incompetent and seems incapable of following the basic rules of keeping receipts/records of payments made (or personal subs taken). Sadly I'm only there once a week so have no control over what happens to money in my absence. It is extremely frustrating.
If you stick the differences in the DLA or Drawings if not ltd, he might soon remember what he has spent it on, or how much he has taken to say buy the wife some flowers on the way home from work.
Its abit difficult if you are only there once a week.
If it isn't a true business expense it has to be a drawing/DLA. I always work on the basis of no receipt no way, if there is a receipt then it has to be wholly and exclusively. This unfortunately sometimes puts me and my boss at loggerheads, like the fine for displaying the incorrect number plate on his trailer
This unfortunately sometimes puts me and my boss at loggerheads, like the fine for displaying the incorrect number plate on his trailer
Or the numerous parking fines that my client's employees seem to pick up in London. I used to say that you can hardly expect to get tax relief for breaking the law!
