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What Is Petty Cash? How Should My Business Use It?
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website paticash Two Methods for Petty Cash The first method involves writing 'checks' to specific vendors with expense accounts Deposits to and expenses drawn paticash Petty cash may be used to reimburse an individual for a purchase that was made using hisher personal funds Upon presentation of original, itemized receipts to
paticash Petty Cash is a method of facilitating payment of small amounts of the purchase of minor office supplies items and small expenses payments such as carfares Because credit cards and online transactions are common nowadays, petty cash funds are no longer necessary for a healthy business spending Petty cash is a small amount of cash belonging to a business and kept on its premises Typically, petty cash will be used for small incidental office costs
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