Outstanding Income And Expenditure Record
On the outstanding Income and Expenditure Record you record:
1. All income earned by the canteen during the month but not yet received, eg customer purchases on accounts that have yet to be paid.
2. All expenses incurred by the canteen during the month that have yet to be paid eg unpaid invoices, and the monthly deposits you set aside to cover future expenses such as equipment depreciation and employee long service leave.
List everything and do not ignore any credit that has been allowed to (eg suppliers) or by the canteen (eg teacher’s accounts, student’s credit).
Download an Outstanding Income and Expenditure Record template here
Source: Management $ense, Food Sense, 1997.
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