Petty Cash and Change Funds

Petty Cash and Change Funds paticash Petty cash is a small amount of cash on hand used for paying expenses too small to merit writing a check Learn how to balance petty cash in accounting paticash 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 Best Practices for Petty Cash Management · Set Clear Guidelines: Establish clear guidelines on the purpose and usage of petty cash · Define Spending Limits:

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