Petty Cash Business Affairs

Petty Cash Business Affairs 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 paticash Petty cash refers to the notion that every business needs cash on a regular basis to pay for such things as office supplies, mail services,

paticash Petty Cash Replenishments Guidelines for acceptable expenditures are available in the Procurement Policy For reimbursements, a Petty Cash Voucher should be

paticash How to set up a petty cash management system · Appoint someone as petty cash custodian · Fund the account · Secure the funds · Establish A small amount of cash is used to pay for minor expenses and must be refilled The custodian collects all the receipts and slips given to different organization