Business accounting would be relatively simple and straightforward if all purchases could be made in the same way, such as by check or credit card. In actuality, however, some purchases are too small ...

Petty cash is a system that funds and tracks small purchases such as parking meter fees that aren't suitable for check or credit card payments. A petty cash book is a ledger kept with the petty cash ...

This guideline describes the procedures for establishing and maintaining a Petty Cash Fund and for receiving reimbursement for certain departmental purchases. Petty cash funds provide departments with ...