What Is a Petty Cash Fund? Petty cash is a small amount of cash-on-hand necessary for your departmental operations. Before a petty cash fund may be established, both the Departmental Cash Handling ...

Keep petty cash on hand in your business to cover small unexpected expenses. These expenses can include paying postage, tipping delivery people, purchasing supplies, buying gifts and more. The ...

Petty cash funds must be used only to purchase incidental items of a nominal amount for which other established university procurement methods are not feasible. Nominal generally means $60 for study ...

Tracking petty cash is an important aspect of small-business financial management. Failure to do so may leave you with an incorrect or incomplete picture of your company's financial situation. It can ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Petty Cash accounts are approved when a need is established and documented by the department head. Those reasons include, but are not limited to, frequent, small dollar transactions not able to be ...

Cash, checks and petty cash receipts valued at $5,000 were reported missing Monday from a safe at the Keebler Co., 677 Larch St. Only two employees reportedly had access to keys to the safe. There ...

Every modern business owner knows that PETTY CASH is like that leaking hole in your water tank (bank account). It is small and hence doesn’t justify the 'huge effort' required to measure it. But as it ...

An NYU-educated lawyer whose client used liquor store receipts to steal hundreds of thousands of dollars from the school had some harsh words for his alma mater. “As an NYU Law graduate, I would hope ...

This guideline describes the procedures for establishing and maintaining a Petty Cash Fund and for receiving reimbursement for certain departmental purchases. Petty cash funds provide departments with ...