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Petty Cash: What It Is, How It's Used and Accounted For, Examples
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website paticash When the Fiduciary or Custodian of a Petty Cash or Change fund changes, the fund should be reimbursed to its original amount; any overagesshortages should be paticash Any time a member of your team takes some petty cash for a purchase, they should record it in the log book with details about how much was taken
paticash The petty cash voucher must have the following information: Date of disbursement, Amount which is disbursed, Person who received the money, Reason for Cash count and verification of funds must be performed periodically, at least quarterly, by someone other than the custodian Verification of Petty cash is cash that businesses keep on hand for small purchases For instance, a box of staples for an office or an emergency block of cheese for a cafe
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