Petty Cash and Change Funds for Departments

Accounts Payable - Responsible for providing timely replenishment of Petty Cash Funds based on the approval of General Accounting Petty Cash Fund Custodians -

The custodian should be the only person with physical access to funds Petty cash should be maintained on an imprest basis, which means that the amount of the

paticash A 'Petty Cash Reimbursement' form must be completed, listing all the purchases, applicable taxes and assigning an appropriate account number to every expense

paticash Accounting Entry Used to replenish the cash in the petty cash account This account is not changed unless there is a change in the value of the petty cashcash