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Post Info TOPIC: Petty cash at a satellite office
Citygal


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Petty cash at a satellite office
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Hi everyone.

 

My Company has set up a satellite office in another town. All sales /purchases etc are to be dealt with in SAGE accounts at the our main office but as far as petty cash is concerned they will need their own.

 

I have thought the easiest way to record their petty cash is to set up another petty cash bank account in SAGE exclusively for them, and reconcile it each month.

 

Has anyone a better suggestion?  Thanks



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Cheshire


Master Book-keeper

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Nope. As long as it has the other usual controls on the ground. How will they actually get their sticky mits on the cash? Just thought I would throw that one out there. 



-- Edited by Cheshire on Saturday 16th of April 2016 09:58:11 AM

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Citygal


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Hi Joanne

They will be getting cash from us at main office so it will just be shown as a transfer from our Petty cash account to the new one I have created in Sage.

Thanks for your help

Marina


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