What is Petty Cash and How to Manage it?

What is Petty Cash and How to Manage it? paticash Definition of Petty Cash Petty cash or a petty cash fund is a small amount of money available for paying small expenses without writing a check 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 In the fixed petty cash system, the chief cashier offers a fixed amount of money for a specified period to the petty cash cashier After

paticash An analytical petty cash book is the most effective way to record petty cash payments A separate column is assigned for each petty expense on Petty Cash Replenishments Guidelines for acceptable expenditures are available in the Procurement Policy For reimbursements, a Petty Cash Voucher should be