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Business Services Petty Cash or Change Fund Action Form Fund Type: Action Requested: Petty Cash Fund Change Fund Initial Fund Sequestrate needed: Increase Sequestrate needed: Decrease/Returned Fund
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How to fill out business services petty cash
How to fill out business services petty cash
01
Step 1: Gather all the necessary documents and receipts related to the business services petty cash.
02
Step 2: Record the starting cash balance in the petty cash log.
03
Step 3: Fill out a petty cash voucher form for each expense incurred.
04
Step 4: Write the date, description of the expense, and the amount paid on the voucher form.
05
Step 5: Attach the corresponding receipt to the voucher form.
06
Step 6: Get the voucher form approved by the authorized person or manager.
07
Step 7: Subtract the amount paid from the petty cash balance in the log.
08
Step 8: Place the cash received from the approved vouchers back into the petty cash box.
09
Step 9: Periodically reconcile the petty cash balance and replenish it as needed.
10
Step 10: Maintain a thorough record of all petty cash transactions for auditing purposes.
Who needs business services petty cash?
01
Businesses and organizations that frequently make small cash payments for services or miscellaneous expenses.
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What is business services petty cash?
Business services petty cash is a fund set aside by a business to cover small, miscellaneous expenses.
Who is required to file business services petty cash?
Businesses of all sizes are required to file business services petty cash if they have a petty cash fund.
How to fill out business services petty cash?
Business services petty cash should be filled out by recording each expense, the date, amount, description, and purpose of the expenditure.
What is the purpose of business services petty cash?
The purpose of business services petty cash is to have a readily available fund for small, immediate business expenses.
What information must be reported on business services petty cash?
The information that must be reported on business services petty cash includes date, amount, description, purpose of expenditure, and receipts.
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