Petty Cash

Petty Cash Management in Accounting: Best Practices paticash Companies often use petty cash to make change for customers and pay for small, unexpected expenses such as office supplies or a small repair paticash The authorized balance of imprest, petty cash and other revolving funds should be reported as cash in the general ledger in whichever fund expenditures are

paticash Petty cash is a small amount of cash belonging to a business and kept on its premises Typically, petty cash will be used for small incidental office costs