国际会吉祥计学3.pptVIP

What is petty cash? Most business keep a small amount of cash on the premises to make occasion small payments in cash, eg staff refreshments, postage stamps, to pay the office cleaner, etc. This is often called the cash float or petty cash account. Security of petty cash Keeping cash(even in small amounts) on the premises is a security risk. Therefore a petty cash system is usually subject to strict controls. Payment is only made in respect of authorised claims. All claims are supported by evidence. Authorisation An employee must complete a petty cash voucher detailing the expenses claimed.