A to Z of Petty Cash Management

A to Z of Petty Cash Management paticash Imprest An account into which a fixed amount of money or cash equivalent is placed for the purpose of making change or minor disbursements Imprest is used paticash Petty cash may be used to reimburse an individual for a purchase that was made using hisher personal funds Upon presentation of original, itemized receipts to

paticash Petty cash is a small amount of cash belonging to a business and kept on its premises Typically, petty cash will be used for small incidental office costs

paticash Petty cash funds are for expenditures connected to approved University activities A sum of money is set aside in an imprest account OR petty cash fund, a fixed When the Fiduciary or Custodian of a Petty Cash or Change fund changes, the fund should be reimbursed to its original amount; any overagesshortages should be