What Is Petty Cash? How to Set Up & Manage It

What Is Petty Cash? How to Set Up & Manage It paticash Petty cash can sometimes be used in place of the university purchasing process where appropriate, for example, as reimbursement for small, incidental department paticash Otherwise known as a petty cash fund, petty cash is a small amount of money set aside to fund ad hoc and small purchases The amount of petty

paticash Petty cash refers to the amount used to pay for small expenses of a company issuing a check for which seems unreasonable Payment by check involves a long

paticash Replenish a Petty Cash Fund Petty Cash should be replenished when cash is nearly expended, allowing sufficient time for processing a reimbursement request, Petty cash may only be used for university business expenses and must meet every test applied to purchases made through the more formal process It cannot be