Get the free PETTY CASH CHANGE FUND - INCREASE DECREASE REQUEST - VCAF - controller berkeley
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PETTY CASH / CHANGE FUND INCREASE / DECREASE REQUEST SUBMIT COMPLETED FORM TO: CASH HANDLING AND BANKING SERVICES 140 UNIVERSITY HALL, #1111 OR petty cash Berkeley.edu FOR INFORMATION CONTACT: 6439803
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How to fill out petty cash change fund
How to fill out petty cash change fund:
01
Start by preparing a petty cash voucher form. This form should include fields for the date, purpose of the fund, amount requested, and the signature of the person requesting the fund.
02
Determine the initial amount of the petty cash change fund that is required. This amount should be based on the anticipated needs for change in the cash register or any other cash needs for the designated period.
03
Count the cash that will be used to seed the petty cash change fund. Ensure that the amount matches the initial amount determined in the previous step.
04
Fill out the petty cash voucher form, noting the initial amount of the petty cash change fund and the currency denominations included.
05
Have the petty cash voucher form signed and approved by the appropriate authority, typically a manager or supervisor.
06
Safely store the cash and the completed petty cash voucher form in a secure location, such as a locked safe or drawer.
07
Whenever someone needs to make change or access the petty cash change fund, they should fill out a separate petty cash disbursement form. This form should include details of the transaction, such as the amount requested and the purpose.
08
The person requesting the petty cash change fund should collect the approved petty cash disbursement form and withdraw the requested amount from the petty cash fund.
09
After the disbursement is made, both the petty cash voucher form and the petty cash disbursement form should be kept together to maintain an accurate record of the transactions.
10
Periodically, reconcile the petty cash change fund by counting the cash remaining and comparing it to the recorded transactions. This will help identify any discrepancies and ensure the fund remains balanced.
Who needs petty cash change fund:
01
Businesses that regularly handle cash transactions, such as retail stores, restaurants, or hotels, may need a petty cash change fund to provide their customers with the necessary change.
02
Cashiers or sales associates who handle cash transactions on a daily basis may need a petty cash change fund to ensure they have enough change to provide to customers.
03
Small businesses or startups that have limited access to banking facilities may also need a petty cash change fund to handle day-to-day transactions until they can deposit cash into their business accounts.
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What is petty cash change fund?
Petty cash change fund is a small amount of cash kept on hand by a company for minor expenses.
Who is required to file petty cash change fund?
Employees or designated individuals responsible for managing petty cash are required to file petty cash change fund.
How to fill out petty cash change fund?
Petty cash change fund should be filled out by documenting the amount of cash taken out, the purpose of the expense, and the date.
What is the purpose of petty cash change fund?
The purpose of petty cash change fund is to have cash available for small, everyday expenses without needing to write a check or use a credit card.
What information must be reported on petty cash change fund?
Information such as the amount of cash taken out, the purpose of the expense, and the date must be reported on petty cash change fund.
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