If a large percentage of your business involves cash transactions, precise control over your daily cash receipts is critical to its financial health.
This Daily Cash Sheet Template can be downloaded to track the cash you take in and the case you pay out each day. To use this simple reconciliation form, just plug in your amounts for the day. The built-in computations will alert you to any cash discrepancies, which may be the result of theft, an accounting error, a mistake when charging a customer, or an overlooked transaction. It also tracks any special transactions that occurred during the day, such as cash received from non-sales sources or cash paid out.
All of this should result in better financial records, and possibly even lower accounting fees if an accountant does your books.
After you download the form, you can customize it to fit the particular needs of your business.
The file contains a Microsoft Excel (version 4.0 and above) spreadsheet template.
- Download this spreadsheet template just once, and be able to use it to prepare a cash reconciliation every day.
- Items that usually need to be considered when reconciling your cash receipts are already listed — just take a couple of minutes at the end of each day to plug in your amounts.
- The template can be quickly customized to fit the special needs of your business.