What Is Petty Cash? How It Works and How To Use It

Accounts Payable - Responsible for providing timely replenishment of Petty Cash Funds based on the approval of General Accounting Petty Cash Fund Custodians -

Petty cash funds are established for the purpose of enabling departments to complete minor business transactions as part of their daily operations Petty cash

paticash Petty cash is a small amount of cash belonging to a business and kept on its premises Typically, petty cash will be used for small incidental office costs

paticash Companies often use petty cash to make change for customers and pay for small, unexpected expenses such as office supplies or a small repair