Reporting and Operations

Other Cash

Size of Organization: 
Small

While writing checks and making deposits fall under the category of “cash,” there are other activities involving cash.

The bank statements are received each month and must be reconciled to the general ledger (ie, QuickBooks).

Further, depending on need, a petty cash fund may be started to cover incidental office expenses. This fund should be for a minimal amount and should be used sparingly.