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Columbia Public Schools Columbia, MissouriSUBJECT:NO.180DATE07/01/98PROCEDUREPETTY CASH (REVOLVING CASH) VOUCHERSREVISION NO. REVISION DATE10 11/06/14A. Petty Cash funds are available for the purchase

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How to fill out petty cash revolving cash

01

Step 1: Obtain a petty cash voucher or form from the finance department.

02

Step 2: Fill out the date, your name, and your position on the petty cash voucher.

03

Step 3: Specify the purpose of the petty cash withdrawal and provide a brief description of the expenses.

04

Step 4: Break down the amount of cash needed for each expense category.

05

Step 5: Total up the expenses and write the total amount to be reimbursed.

06

Step 6: Obtain the necessary approvals by having the petty cash voucher signed by your supervisor or designated authority.

07

Step 7: Submit the filled-out petty cash voucher along with any supporting receipts to the finance department for processing and reimbursement.

08

Step 8: Keep a copy of the filled-out petty cash voucher and receipts for your records.

Who needs petty cash revolving cash?

01

Petty cash revolving cash is typically needed by businesses or organizations that frequently require small cash transactions.

02

This can include retail stores for providing change to customers, offices for small office supplies or emergency expenses, and event organizers for handling cash-based transactions during events.

03

It is also commonly used in situations where immediate cash is required due to issues with electronic payment systems or for emergencies when a formal reimbursement process may take time.

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What is petty cash revolving cash?

Petty cash revolving cash is a small amount of cash funds kept on hand by a business for small miscellaneous expenses.

Who is required to file petty cash revolving cash?

Petty cash revolving cash must be filed by businesses that use petty cash funds for their operations.

How to fill out petty cash revolving cash?

Petty cash revolving cash can be filled out by documenting all cash withdrawals, expenditures, and replenishments made from the petty cash fund.

What is the purpose of petty cash revolving cash?

The purpose of petty cash revolving cash is to provide a convenient way for businesses to handle small cash transactions without having to write checks or use credit cards.

What information must be reported on petty cash revolving cash?

The report on petty cash revolving cash must include details of all cash transactions, receipts, and any discrepancies found during reconciliation.

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