Petty cash accounting

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

Best Practices for Petty Cash Management · Set Clear Guidelines: Establish clear guidelines on the purpose and usage of petty cash · Define Spending Limits:

paticash Petty cash is a small amount of cash on hand used for paying expenses too small to merit writing a check Learn how to balance petty cash in accounting

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