How to reconcile the petty cash tin
Count the cash, add the vouchers and compare the total with the imprest amount. Then find out why they differ.
Task 1Counting the tin4 questions
To reconcile the tin, count the cash and add the vouchers. Together they should equal the imprest amount.
Quayside's imprest amount is £150. The vouchers for May add up to £64.30. Amara counts the tin on 31 May, before the top-up.
| Notes and coins | Number | Value |
|---|---|---|
| £20 notes | 2 | 40.00 |
| £10 notes | 3 | 30.00 |
| £5 notes | 1 | 5.00 |
| £1 coins | 4 | 4.00 |
| 50p coins | 3 | 1.50 |
| 20p coins | 1 | 0.20 |
If cash plus vouchers comes to less than the imprest amount, there is a shortage. If it comes to more, there is a surplus.
Task 2Why the tin can be short2 questions
Task 3A surplus, and what belongs in the tin4 questions