Keep petty cash on hand in your business to cover small unexpected expenses. These expenses can include paying postage, tipping delivery people, purchasing supplies, buying gifts and more. The ...
Petty cash is a convenient way to pay for expenses such as stamps and emergency purchases too small to pay for with a business check. Although you can fund a petty cash account in any amount, ...
Petty Cash accounts are approved when a need is established and documented by the department head. Those reasons include, but are not limited to, frequent, small dollar transactions not able to be ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Correspondence, receipts, petty cash vouchers, reimbursement request forms, petty cash summary forms, notes and working papers. Each department keeps a Petty Cash fund. Each fund is subject to audit ...
A recently conducted audit by Nassau Comptroller George Maragos found the county police department had improperly used money from its petty cash funds. The audit, made public Monday by Maragos’ office ...
The Nassau County Police Department has inadequate control of its petty-cash accounts and hasn't reconciled its expenses for more than a year, according to a new audit by county Comptroller George ...
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