PETTY CASH DISBURSEMENT PROCEDURES

Petty Cash Funds To help departments pay for small expenses for everyday business and have cash on hand for these situations, a petty cash fund can be set up

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paticash As the petty cash is used and the fund diminishes, it is replenished to the original fixed amount This is typically done by submitting the recorded expenses

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