Petty Cash Example

The petty cash (it is also called a minor box) is a relatively small sum of cash, destined for small daily expenses or "of the moment", either in a company, trade, or government agency, in the that it is necessary to use cash for certain expenses (such as in the case of businesses where it is used to make currency exchanges), or in some businesses and companies that need cash for small expenses such as office supplies, where minor expenses are made on stationery items such as paper, pens, pencils, copies, ink etc. Or expenses for daily supplies such as water dispensers, or coffee for employee use, daily maintenance expenses, such as light bulbs, or household items. cleaning (soap, toilet paper, antibacterial gel), expenses in which you cannot use another form of payment, such as checks, bank account payments, electronic payment or others; or as in the payment of some suppliers that do not accept another form of payment other than cash, (such as some agricultural suppliers that supply some stores or shops), or in the payment of some services, such as maintenance, in cases in which the company or person doing the maintenance does not accept another form of pay.

The petty cash It has an assigned amount, which depends on the usual needs that are used in the company, business, or dependency, for the daily expense that is created has to be used. The person in charge of the administration of a petty cash You must ask for a receipt, corresponding to the amount that is used for any expense, no matter how minimal it may be, in order to make the replacement of the cash amount of the petty cash in charge of him.

Petty Cash Example: