Documenting Petty Cash Fund Purchases

The purpose of the petty cash fund is to provide cash on hand for a department to reimburse small recurring expenses of $100 or less to employees The purpose

You mark it as a petty cash fund For cheques, write the amount you want to keep afloat and cash the cheque In your accounting ledger journal

paticash Imprest An account into which a fixed amount of money or cash equivalent is placed for the purpose of making change or minor disbursements Imprest is used

paticash How to set up a petty cash management system · Appoint someone as petty cash custodian · Fund the account · Secure the funds · Establish