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 is a convenient way to pay for expenses such as stamps and emergency purchases too small to pay for with a business check. Although you can fund a petty cash account in any amount, ...

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 ...

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 ...

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 ...

Correspondence, receipts, petty cash vouchers, reimbursement request forms, petty cash summary forms, notes and working papers. Each department keeps a Petty Cash fund. Each fund is subject to audit ...

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 ...

The Nassau County Police Department has inadequate control of its petty-cash accounts and hasn't reconciled its expenses for more than a year, according to a new audit by county Comptroller George ...

A petty cash fund is an amount of currency issued and held by a department to cover payments to research participants and all departments maintaining a petty cash fund should exercise controls over ...