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Petty cash book

Establish a petty cash fund

The petty cash account is a current asset and will have a normal debit balance; A small cash fund is a small amount of money on hand to cover a small expense

Add limits for petty cash expenses to pay

There should be added limit for petty cash expenses, because its help to accounting and control the cost in the entity

Concern about petty cash balance

Using a two-note accounting system adds credibility by ensuring that books are always balanced. Even so, we can know what the balance is at that point, allowing you to discover and investigate discrepancies as early as possible

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