Petty Cash: Definition, Recording, and Usage Guide

What is petty cash management and how to maintain it paticash Cash count and verification of funds must be performed periodically, at least quarterly, by someone other than the custodian Verification of paticash Petty cash refers to the amount used to pay for small expenses of a company issuing a check for which seems unreasonable Payment by check involves a long

paticash Introduction Petty cash is a nominal sum which is preserved in hand to cover minor expenses, such as reimbursements or other office-related expenses