Petty Cash Financial Accounting
Petty cash funds are for expenditures connected to approved University activities A sum of money is set aside in an imprest account OR petty cash fund, a fixed
Administering Petty Cash and Change Funds paticash Petty cash funds are for expenditures connected to approved University activities A sum of money is set aside in an imprest account OR petty cash fund, a fixed paticash If there were cash overage, the petty cash account would be debited and the cash over and short account would be credited In this case, the expense balance
paticash Procedures · Any cash received by an employee to make an approved purchase should be recorded on the Cash Fund Activity Log confirming receipt of the money
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