Petty Cash Management in Accounting: Best Practices

Petty cash is a small sum of money kept on hand by business to meet unexpected small-ticket expenses that may emerge during normal business operations It could

Companies often use petty cash to make change for customers and pay for small, unexpected expenses such as office supplies or a small repair

paticash The purpose of the petty cash fund is to provide cash on hand for a department to reimburse small recurring expenses of $100 or less to employees The purpose

paticash Petty Cash Replenishments Guidelines for acceptable expenditures are available in the Procurement Policy For reimbursements, a Petty Cash Voucher should be