Petty cash is a small amount of cash on hand used for paying expenses too small to merit writing a check. Learn how to balance petty cash in accounting.

Tracking petty cash is an important aspect of small-business financial management. Failure to do so may leave you with an incorrect or incomplete picture of your company's financial situation. It ...

A petty cash book is used for a simple system of tracking how much money is currently in the fund. Include fields for calculating a running balance and for recalculating this balance every time ...

Petty cash is generally requested and used for two purposes: small purchases of approved miscellaneous expenditures and/or ‘cash drawer change’ fund activity. A separate Petty Cash Request Change form ...

Petty Cash Process. Complete a Petty Cash Voucher Form (available from the Hub). Be sure to complete the business purpose, clearly indicating the relationship of the expenditure to RIT (this is an ...

A Vice President and/or Dean may request the establishment of a working petty cash fund at any appropriate level, (i.e. division, department, office, or station). Funds may be requested by sending a ...

Petty cash funds set up in Fund 30/31 projects may not be commingled with other funds or used to pay subjects in other projects. Petty cash funds set up for subject payments are limited to subject ...

Petty cash and change fund checks can be cashed at the Office of Cash Management (OCM) but keep the following in mind: If you require multiple denominations and rolled coins, please call OCM in ...

Petty cash funds are to be maintained on an imprest basis, which means the amount of the fund must remain constant. The total value of currency, coin and petty cash receipts on hand should always ...