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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 Electrician Statement of Receipts & Payments

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Statement of Receipts and Payments

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  1. Statement of Receipts and Payments Calculating how much money is in the Bank at the end of the month

  2. All reports begin the same Name of the business Name of the report Date of the report

  3. Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31st January 2012

  4. Statement of Receipts & Payments • Starts with the money in the Bank at the beginning of the month

  5. Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31st January 2012 Bank at beginning 100

  6. Statement of Receipts & Payments • Lists all Receipts (money coming in from customers) from the Cash Receipts Journal

  7. Cash Receipts Journal

  8. Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected 2262486

  9. Statement of Receipts & Payments • Add the Total Receipts to the Bank at beginning

  10. Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected 2262486 2586

  11. Statement of Receipts & Payments • Lists all Payments (money being paid out) from the Cash Payments Journal

  12. Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected 2262486 2586 Less Payments Rent 500 Stock 500 Electricity 400 Petrol 50 Drawing 500 GST Paid 1452095 Bank at end 491

  13. Cash Payments Journal

  14. Statement of Receipts & Payments • Sub total less Total Payments = Bank at end

  15. Brock Henderson Electrician Statement of Receipts & Payments For the month ending 31st January 2012 Bank at beginning 100 Add Receipts Fees 2260 GST Collected 2262486 2586 Less Payments Rent 500 Stock 500 Electricity 400 Petrol 50 Drawing 500 GST Paid 1452095 Bank at end 491

  16. 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 Directory • Prepare a Statement of Receipts & Payments for each of the businesses.

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