What Is Petty Cash Management?

Petty cash should be used for small payments of goods or services where it is uneconomic or inconvenient to process via purchase order

How to set up a petty cash management system · Appoint someone as petty cash custodian · Fund the account · Secure the funds · Establish

paticash 2 Fixed system of petty cash Unlike the open system, here, the petty cashier is given a fixed amount of money for a fixed amount of period Once the period is

paticash Companies replenish the petty cash fund at the end of the accounting period, or sooner if it becomes low The reason for replenishing the fund at the end of the