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What Is a Petty Cash Fund? Purpose, Uses & Alternatives
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website 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 Procedures · Any cash received by an employee to make an approved purchase should be recorded on the Cash Fund Activity Log confirming receipt of the money
paticash Cash count and verification of funds must be performed periodically, at least quarterly, by someone other than the custodian Verification of 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 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
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