What is the money diary?

Cash Journal is a simple printed or electronic document that is used to make immediate accounting records of both income and expenditure. Transactions that are entered in this diary are usually recorded daily or at least in a chronological order. Part of the document spell is that the financial transaction entered as line items can be quickly reviewed if necessary, and when entering transactions to other parts of accounting books, it provides a quick reference to monitoring one area of ​​activity. Many businesses decide to maintain a simple magazine as a means of keeping records of income and payouts associated with a small cash fund. This can allow authorized employees to manage a small cash transaction and enter the basic information quickly. Later, the transaction can be fully documented in the balance sheer or other appropriate record.

with the key to the effective log of cashI also enter a sufficient amount of information about each financial transaction to properly take into account revenue or expenses. In general, the document will include columns for recording such basic details as the transaction, cash in or out, the amount of cash associated with the line item, the date of the transaction and the brief description of the action. This is usually enough information that allows more comprehensive recording later.

Even the home budget can benefit from using this principle. Using a simple column book or electronic table it is possible to set up a simple diary that everyone can use. This will allow for all expenditures related to the operation of the household, along with the funds that are set aside for this purpose.