Admin Solutions Fife
Tel: 01592 806126
Mob: 07835 515206
Email: enquires@adminfife.co.uk
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Created by Admin Solutions Fife
Cashbook
For the smaller business that receives and makes payment at the time of sale or purchase the cashbook may be the only bookkeeping record they require.
The Cashbook is used to record all payments made and deposits received by the business at the time they are made, and therefore can give you an up-to-date bank balance. You can also include amounts paid or received in Cash as well as what goes through the bank account.
There are two sides to the Cashbook one for Income and one for Expenditure. You can include categories to break down the different types of sales and purchases so that when it comes to doing your Tax Return you have your total figures all ready.
The Cashbook is also used to reconcile your Bank Account which you should do on at least a monthly basis so that any errors or omissions in either will be discovered. See Bank Reconciliation.
|
Date |
Description |
Invoice No. |
Cash |
Bank |
Widget 1 |
Widget 2 |
Widget 3 |
|
1/1/2000 |
Opening Balance |
|
50.00 |
5000.00 |
|
|
|
|
1/1/2000 |
ABC Ltd |
001 |
|
300.00 |
100.00 |
100.00 |
100.00 |
|
2/1/2000 |
DEF Ltd |
002 |
50.00 |
|
50.00 |
|
|
|
3/1/2000 |
Pay In 001 |
|
|
50.00 |
|
|
|
|
|
TOTALS |
|
100.00 |
5350.00 |
150.00 |
100.00 |
100.00 |
Cashbook Income
|
Date |
Description |
Cash |
Bank |
Materials |
Rent |
Phone |
Fuel |
|
1/1/2000 |
XYZ Ltd |
|
200.00 |
200.00 |
|
|
|
|
1/1/2000 |
Shell |
|
20.00 |
|
|
|
20.00 |
|
3/1/2000 |
Bank |
50.00 |
|
|
|
|
|
|
|
TOTALS |
50.00 |
220.00 |
200.00 |
|
|
20.00 |
Cashbook Expense
Balance 3/1/2000
Cash £100 - £50.00 = £50.00
Bank £5350 - £220 = £5130.00
