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PETTY CASH/CHANGE FUND REQUEST FORM Please complete the following to request a new petty cash/change fund, to request an increase or decrease in the authorized amount or to change the custodian and/or

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How to fill out petty cash or change

01

Create a log sheet to track all petty cash transactions.

02

Determine the starting balance of the petty cash fund.

03

Write down the date, amount, purpose, and recipient of the petty cash disbursement.

04

Ask for a receipt for every transaction made with petty cash.

05

Reconcile the petty cash fund regularly to ensure accuracy.

Who needs petty cash or change?

01

Small businesses that frequently require cash transactions.

02

Event organizers who need to make quick payments on the spot.

03

Retailers who need change for their cash registers.

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What is petty cash or change?

Petty cash refers to a small amount of cash kept on hand for minor expenses, while change typically refers to the coins and small denominations of bills used in daily transactions.

Who is required to file petty cash or change?

Typically, businesses and organizations that use petty cash for operational expenses are required to maintain and file records pertaining to petty cash usage.

How to fill out petty cash or change?

To fill out petty cash records, one must document the date, amount spent, purpose of the expense, and retain all related receipts for verification.

What is the purpose of petty cash or change?

The purpose of petty cash is to provide a quick and easy way to manage small, everyday expenses without the need for formal purchasing processes.

What information must be reported on petty cash or change?

Information that must be reported includes the date of transactions, the amount spent, the purpose of the expenditure, and a record of any receipts or invoices.

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