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Petty Cash Policy & Procedures Curtis University of Technology — Financial Services PETTY CASH — COUNT FORM Cash Held $ c ×100.00 Petty Cash Impress $50.00 (A) Less $20.00 Total Petty Cash Vouchers
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Petty cash is a small amount of cash kept on hand for making small purchases or reimbursements without the need for formal approval.
Any individual or organization that handles petty cash funds is required to file petty cash counts.
Petty cash counts can be filled out by documenting all transactions involving petty cash, including date, amount, purpose, and recipient.
The purpose of petty cash is to provide a convenient and quick way to make small purchases or reimbursements without going through a formal approval process.
Information such as date, amount, purpose of the transaction, and recipient must be reported on petty cash counts.
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