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Petty Cash Accounting
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website paticash 1 Proper documentation One of the primary challenges of managing petty cash in accounting is ensuring proper documentation of all transactions paticash Guidelines for Petty Cash In general, a department may have a petty cash fund to allow payment of small value purchases, for which the purchasing card or
paticash Petty cash is cash that businesses keep on hand for small purchases For instance, a box of staples for an office or an emergency block of cheese for a cafe How to set up a petty cash management system · Appoint someone as petty cash custodian · Fund the account · Secure the funds · Establish Before a petty cash account is set up, the organization should establish a policy that dictates the maximum amount to be held in the account,
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