What is Petty Cash? How can you Manage it Better?

What should Petty Cash funds be used for? paticash How to set up a petty cash management system · Appoint someone as petty cash custodian · Fund the account · Secure the funds · Establish paticash The purpose of a petty cash fund is to provide business units with sufficient cash to cover minor expenditures The intent is to simplify the reimbursement

paticash Petty cash is a current asset and should be listed as a debit on the balance sheet When first funding a petty cash account, the accountant