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PETTY CASH/CHANGE FUND INCREASE/DECREASE REQUEST SUBMIT COMPLETED FORM TO:CASH HANDLING AND BANKING SERVICES 2195 HEARST AVE ROOM 120, #1111 OR pettycash@berkeley.eduFOR INFORMATION CONTACT:5106439803

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How to fill out petty cashchange fund

01

Step 1: Gather all the necessary documents and resources such as petty cash vouchers, cash box, and cash log sheet.

02

Step 2: Assign a responsible person who will be in charge of handling the petty cash change fund.

03

Step 3: Set the initial amount of cash in the petty cash box, ensuring that it matches the approved amount.

04

Step 4: Record the starting balance of the petty cash fund in the cash log sheet.

05

Step 5: Whenever a petty cash transaction occurs, fill out a petty cash voucher with the date, purpose, amount, and recipient's name.

06

Step 6: Have the recipient sign the petty cash voucher as acknowledgment of receiving the cash.

07

Step 7: Deduct the transaction amount from the petty cash box and update the new balance in the cash log sheet.

08

Step 8: Keep track of all petty cash transactions and ensure they are properly documented.

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Step 9: Replenish the petty cash fund whenever it falls below a certain threshold.

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Step 10: Perform periodic audits to verify the accuracy of petty cash transactions and balances.

Who needs petty cashchange fund?

01

Petty cash change fund is commonly used by small businesses, retail stores, and organizations that frequently deal with small cash transactions.

02

It is also helpful for businesses that need to provide quick cash for minor expenses and reimbursements without going through the hassle of writing checks or using credit cards.

03

Employees who handle small purchases on behalf of the company or need to make small cash payments to vendors may also benefit from having a petty cash change fund.

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What is petty cash/change fund?

Petty cash/change fund is a small amount of cash kept on hand to cover small expenses.

Who is required to file petty cash/change fund?

Any organization or individual who handles petty cash/change fund is required to file.

How to fill out petty cash/change fund?

Fill out the necessary information such as date, amount, purpose of expense, and signature of the person receiving the cash.

What is the purpose of petty cash/change fund?

The purpose of petty cash/change fund is to provide a convenient way to pay for small expenses without using a check or credit card.

What information must be reported on petty cash/change fund?

Information such as date, amount disbursed, purpose of expense, and signature of the person receiving the cash must be reported.

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