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Get the free PETTY CASHCHANGE FUND - INCREASEDECREASE 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 cashchange fund

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To fill out a petty cash/change fund, you will need the following materials:

01
A petty cash/change fund log or ledger sheet
02
A designated cash box or envelope for holding the funds
03
A secure location to store the cash
04
Petty cash/change fund vouchers or receipts
4.1
Start by recording the initial balance of the petty cash/change fund in the designated log or ledger. This balance should be the total amount of cash available in the fund at the beginning.
4.2
Whenever a disbursement or withdrawal is made from the fund, it must be recorded in the log or ledger. This includes specifying the date, purpose of the expense, amount spent, and the person responsible for the withdrawal.
4.3
In order to maintain accurate records, it is important to ensure that all disbursements are supported by petty cash/change fund vouchers or receipts. These vouchers should be filled out by the person making the withdrawal and must include details such as the date, description of the expenditure, and the amount spent.
4.4
As disbursements are made and vouchers/receipts are collected, reconcile the petty cash/change fund by deducting the total amount of expenses from the initial balance. This will provide an updated balance of the remaining cash in the fund.
4.5
It is also crucial to periodically replenish the petty cash/change fund to maintain its availability. This can be done by submitting all the vouchers/receipts, along with a request for reimbursement, to the appropriate authority or finance department.
4.6
Finally, keep in mind that petty cash/change funds are typically used for small, day-to-day expenses, such as office supplies, taxi fares, or lunch expenses. These funds are usually managed by individuals who require quick access to cash for immediate needs without having to go through a lengthy reimbursement process.

Who needs petty cash/change fund?

01
Small businesses or organizations that frequently deal with small cash transactions may find petty cash/change funds useful. These funds provide a convenient way to handle small expenses without the need for writing checks or using credit cards.
02
Employees who need to make small purchases or reimbursements on behalf of the company can benefit from having access to a petty cash/change fund. It allows for greater flexibility and speeds up the reimbursement process.
03
Departments within larger companies may also find petty cash/change funds necessary for handling day-to-day expenses that fall within their budgets. This eliminates the need for constantly seeking approval for every small expense.
In summary, filling out a petty cash/change fund involves maintaining accurate records, using vouchers or receipts to support all disbursements, reconciling the fund regularly, replenishing it when necessary, and understanding who would benefit from having a petty cash/change fund available.
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Petty cash/change fund is a small amount of cash kept on hand to cover minor expenses.
Any organization or individual who handles cash for business purposes may be required to maintain and file petty cash/change fund records.
Petty cash/change fund should be filled out by recording all cash transactions, including date, amount, description of expense, and signature of the person receiving the cash.
The purpose of petty cash/change fund is to provide a convenient and quick way to pay for small and unexpected expenses without having to go through the formal process of issuing a check.
The information reported on petty cash/change fund includes date, amount, description of expense, and signature of the person receiving the cash.
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