What is Petty Cash? How can you Manage it Better?

You mark it as a petty cash fund For cheques, write the amount you want to keep afloat and cash the cheque In your accounting ledger journal

What is Petty Cash? How can you Manage it Better? 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

You mark it as a petty cash fund For cheques, write the amount you want to keep afloat and cash the cheque In your accounting ledger journal

paticash Petty Cash Accounting

Companies replenish the petty cash fund at the end of the accounting period, or sooner if it becomes low The reason for replenishing the fund at the end of the

paticash Policy The Department Head is ultimately responsible for the basic safety and control of the Cash fund, regardless of who actually handles the transactions,

Petty cash can sometimes be used in place of the university purchasing process where appropriate, for example, as reimbursement for small, incidental department