Mastering petty cash in 2024: What it is and how to manage it

What Is Petty Cash? How Should My Business Use It? 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 1 Proper documentation One of the primary challenges of managing petty cash in accounting is ensuring proper documentation of all transactions

paticash Petty cash may only be used for university business expenses and must meet every test applied to purchases made through the more formal process It cannot be