Petty cash is generally requested and used for two purposes: small purchases of approved miscellaneous expenditures and/or ‘cash drawer change’ fund activity. A separate Petty Cash Request Change form ...

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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 ...

Just because you have paid for a basic item, like a mop or some erasers, out of petty cash, you still need documentation. As far as the IRS is concerned, a deduction is a deduction. It does not matter ...

What Is a Petty Cash Fund? Petty cash is a small amount of cash-on-hand necessary for your departmental operations. Before a petty cash fund may be established, both the Departmental Cash Handling ...

A petty cash fund is an amount of currency issued and held by a department to cover payments to research participants and all departments maintaining a petty cash fund should exercise controls over ...

A petty cash reimbursement form may be used to replenish a petty cash fund, or reimburse a department or employee, who paid out-of-pocket for an unplanned departmental purchase. Approval from the ...