Handling Petty Cash

Any petty cash kept in the building should be in a locked file cabinet or safe and should be disbursed only upon submission of a written request.
- The starting balance should be reconciled monthly against withdrawals, and the petty cash amount added to as needed.
- Any removal of petty cash must be explained in writing or by a receipt.
- Hiding the petty cash in the back of a desk drawer is never a good idea.