Statement of Receipts and Payments
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Statement of Receipts and Payments Calculating how much money is in the Bank at the end of the month
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Statement of Receipts and Payments. Calculating how much money is in the Bank at the end of the month. All reports begin the same. Name of the business Name of the report Date of the report. Brock Henderson Electrician Statement of Receipts & Payments - PowerPoint PPT Presentation
Transcript of Statement of Receipts and Payments
Statement of Receipts and Payments
Calculating how much money is in the Bank at the end of the month
All reports begin the same
Name of the business Name of the report Date of the report
Brock Henderson ElectricianStatement of Receipts & PaymentsFor the month ending 31st January 2012
Statement of Receipts & Payments
Starts with the money in the Bank at the beginning of the month
Brock Henderson ElectricianStatement of Receipts & PaymentsFor the month ending 31st January 2012Bank at beginning 100
Statement of Receipts & Payments
Lists all Receipts (money coming in from customers) from the Cash Receipts Journal
Date Details Rec
NoFees Sundries GST Bank
Feb 1 Fees 01 100 10 110
3 Fees 02 300 30 330
7 Fees 03 200 20 220
13 Fees 04 400 40 440
15 Fees 05 50 5 55
21 Fees 06 110 11 121
26 Fees 07 200 20 220
28 Fees 08 350 35 385
29 Fees 09 490 49 539
31 Fees 10 60 6 66
Total 2260 226 2486
Cash Receipts Journal
Brock Henderson ElectricianStatement of Receipts & PaymentsFor the month ending 31st January 2012Bank at beginning 100Add ReceiptsFees 2260GST Collected 226 2486
Statement of Receipts & Payments
Add the Total Receipts to the Bank at beginning
Brock Henderson ElectricianStatement of Receipts & PaymentsFor the month ending 31st January 2012Bank at beginning 100Add ReceiptsFees 2260GST Collected 226 2486
2586
Statement of Receipts & Payments
Lists all Payments (money being paid out) from the Cash Payments Journal
Brock Henderson ElectricianStatement of Receipts & PaymentsFor the month ending 31st January 2012Bank at beginning 100Add ReceiptsFees 2260GST Collected 226 2486
2586Less PaymentsRent 500Stock 500Electricity 400
Petrol 50
Drawing 500GST Paid 145 2095Bank at end 491
Date Details Chq
NoRent Sundries GST Bank
Feb 1 Rent 01 100 10 110
2 Stock 02 300 30 330
8 Rent 03 100 10 110
14 Electricity 04 400 40 440
15 Rent 05 100 10 100
22 Rent 06 100 10 100
28 Petrol 07 50 5 55
29 Rent 08 100 10 110
30 Drawings 09 500 500
31 Stock 10 200 20 220
Total 500 1450 145 2095
Cash Payments Journal
Statement of Receipts & Payments
Sub total less Total Payments = Bank at end
Brock Henderson ElectricianStatement of Receipts & PaymentsFor the month ending 31st January 2012Bank at beginning 100Add ReceiptsFees 2260GST Collected 226 2486
2586Less PaymentsRent 500Stock 500Electricity 400
Petrol 50
Drawing 500GST Paid 145 2095Bank at end 491
Statement of Receipts & Payments Exercises Go to the wiki Copy SofR&P Ex into your Journals &
SofR&P file in your Commerce file in your Home DirectoryPrepare a Statement of Receipts & Payments
for each of the businesses.
