Other tips: If the reimbursement is for meals or hospitality, record alcohol expenditures on object code 79050. If the reimbursement is for mileage, complete a Mileage Reimbursement Worksheet and ...

To establish a petty cash fund you need a box, a sum of money and a sheet of paper or notebook to use as a petty cash log. For petty cash start-up funds, cash a business check, and note in the ...

Although individual petty cash transactions are usually too minor to include in the company's main balance sheet, you must still record the funds allocated to petty cash in your company accounts ...

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 ...

Closing a Petty Cash Fund. When the petty cash fund is no longer needed, it should be closed. Count the fund to verify that it contains the authorized amount. Correct any variance using account 552630 ...

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.

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 ...

To modify (including change of custodian): Complete a Petty Cash/Change Fund Request. To close: Complete a Petty Cash/Change Fund Request and a validated Cash Receipt. After obtaining departmental ...