Petty Cash Accounting

How Can Businesses Set Up A Petty Cash Management System · Employing a Custodian · Finance the Petty Cash Account · Ensure That the Funds Are

Any time a member of your team takes some petty cash for a purchase, they should record it in the log book with details about how much was taken

paticash Replenish a Petty Cash Fund Petty Cash should be replenished when cash is nearly expended, allowing sufficient time for processing a reimbursement request,

paticash Petty cash is cash that businesses keep on hand for small purchases For instance, a box of staples for an office or an emergency block of cheese for a cafe