Petty Cash and Change Funds for Departments

Petty Cash and Change Funds for Departments paticash Petty cash should be logged with journal entries This includes debits to the petty cash account, which are the purchases made, such as supplies, and credits to paticash To ensure that the petty cash fund is always fully stocked, it is important to regularly replenish it This can be done on a regular

paticash Petty cash refers to the fund that businesses keep on hand to cover minor expenses or make small purchases Read the examples of petty cash

paticash Any time a member of your team takes some petty cash for a purchase, they should record it in the log book with details about how much was taken Companies replenish the petty cash fund at the end of the accounting period, or sooner if it becomes low The reason for replenishing the fund at the end of the