Imprest Cash/Petty Cash Fund Procedure. Contact: General Accounting, (205) 934-9330. It is sometimes necessary for a department to have on hand cash from which to pay minor emergency payments or make ...

Although you can fund a petty cash account in any amount, businesses typically set aside enough to. ... Manual or electronic petty cash vouchers are vital to managing petty cash funds.

A petty cash fund is an amount of currency issued and held by a department to cover payments to research participants and all departments maintaining a petty cash fund should exercise controls over ...

G. Theft or Burglary. Losses involving suspected theft or burglary from a departmental petty cash fund — regardless of the dollar amount — must be documented on a Petty Cash Reimbursement form as a ...

The vice president and/or dean may establish within their area of responsibility a working petty cash fund/change fund at any appropriate level (i.e., division, department, office, or station). Rules ...

Petty cash is generally requested and used for two purposes: small purchases of approved miscellaneous expenditures and/or ‘cash drawer change’ fund activity. A separate Petty Cash Request Change form ...

Closing a Petty Cash Fund. When the petty cash fund is no longer needed, it should be closed. Count the fund to verify that it contains the authorized amount. Correct any variance using account 552630 ...

Companies generate cash from a variety of sources. In addition, some companies may utilize a petty cash fund to keep small amounts of cash on hand to use for minor, miscellaneous purchases ...

Petty cash is a small amount of cash on hand used for paying expenses too small to merit writing a check. Learn how to balance petty cash in accounting.

The Commission on Audit has called out the National Bureau of Investigation for the double recording of its petty cash fund in its liquidation reports that resulted in the understatement of its ...

Meanwhile, a check of APD’s petty cash fund turned up with too much money, an overage of 86 cents. It is unclear how. The city’s CFO said that since APD’s surprise check, the department ...

If several petty cash funds need to be replenished at the same time, submit a separate PA for each petty cash fund. On the PA, the payee must be the designated custodian. You must also include the ...