Petty Cash
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.

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