What Is Petty Cash? How Should My Business Use It?

What Is Petty Cash? How Should My Business Use It? paticash Petty cash should be used for small payments of goods or services where it is uneconomic or inconvenient to process via purchase order paticash Petty Cash Book · Step 1: Create a Petty Cash Fund Before creating a petty cash book, you need to establish a petty cash fund · Step 2: Choose a Petty Cash

paticash 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

paticash The cashier creates a journal entry to record the petty cash receipts This is a credit to the petty cash account, and probably debits to 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