Petty Cash Policy and Procedures

Petty Cash Policy and Procedures paticash Guidelines for Petty Cash In general, a department may have a petty cash fund to allow payment of small value purchases, for which the purchasing card or paticash Companies replenish the petty cash fund at the end of the accounting period, or sooner if it becomes low The reason for replenishing the fund at the end of the

paticash As the petty cash is used and the fund diminishes, it is replenished to the original fixed amount This is typically done by submitting the recorded expenses

paticash The authorized balance of imprest, petty cash and other revolving funds should be reported as cash in the general ledger in whichever fund expenditures are Petty Cash · Generally petty cash funds for orgs should be set up in amounts not to exceed $500 · Petty cash funds are not to be used as an