A petty cash fund is a modest amount of money kept to provide company cash for small incidental purchases and emergencies. The amount varies from office to office depending on need but can range from ...

This guideline describes the procedures for establishing and maintaining a Petty Cash Fund and for receiving reimbursement for certain departmental purchases. Petty cash funds provide departments with ...

Petty cash funds must be used only to purchase incidental items of a nominal amount for which other established university procurement methods are not feasible. Nominal generally means $60 for study ...

It is sometimes necessary for a department to have on hand cash from which to pay minor emergency payments or make change. The Executive Director of Accounting provides for this by use of an imprest ...

A recent review of Chatham County's petty cash handling procedures has prompted internal auditors to recommend a new financial policy for the practice. According to an internal memo, obtained by the ...

University organizational units may be provided a designated amount of cash for payment of incidental expenses of a nominal amount that require cash payment and that are not appropriately billed by ...

Having the right amount of petty cash on hand enables a business to respond quickly to business needs as they arise. With proper controls, a petty cash fund is a valuable tool that keeps business ...