Petty Cash

Petty cash should be logged with journal entries This includes debits to the petty cash account, which are the purchases made, such as supplies, and credits to

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 funds allow employees to make small, authorized purchases without the hassle of filing an expense report This, in turn, reduces bookkeeping tasks,

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