My Personal Petty Cash Tracker
**Imprest Amount:** (Set an initial amount, e.g., $50)
1. Tracking Daily Expenses:
Date
01/01/2025
02/01/2025
03/01/2025
04/01/2025
Description
Snack purchase
Football kit
Movie ticket
Dinner with friends
Amount ($)
5.00
15.00
8.00
12.00
Balance ($)
45.00
30.00
22.00
10.00
2. Weekly Replenishment and Reflection:
**Remaining Balance:** $10.00
**Replenishment Amount:** (Imprest Amount - Remaining Balance) = $50.00 - $10.00 =
**$40.00**
**Reflection:**
- I noticed that larger one-off purchases, like the football kit, can significantly reduce the
petty cash balance quickly.
- If I managed a business’s petty cash, I would set spending categories to ensure the most
critical expenses are prioritized.
- The imprest system keeps spending under control by requiring replenishment only after
documenting all expenses, ensuring transparency.
3. Real-Life Tie-In:
**One Expense to Reduce:** Dinner with friends could be reduced or substituted with more
budget-friendly options, such as hosting gatherings at home.
**Business Accounting Connection:**
Tracking petty cash in a business helps maintain transparency and ensures funds are
available for necessary expenses, avoiding unexpected shortages due to non-essential
spending.