Keep petty cash on hand in your business to cover small unexpected expenses. These expenses can include paying postage, tipping delivery people, purchasing supplies, buying gifts and more. The ...

Business accounting would be relatively simple and straightforward if all purchases could be made in the same way, such as by check or credit card. In actuality, however, some purchases are too small ...

It is sometimes necessary for a department to have on hand cash from which to pay minor emergency payments or make change. The Executive Director of Accounting provides for this by use of an imprest ...

Petty cash funds must be used only to purchase incidental items of a nominal amount for which other established university procurement methods are not feasible. Nominal generally means $60 for study ...

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 ...

Petty cash may be used for small dollar reimbursements to employees for RIT business expenditures of $50.00 or less (i.e., those that can’t be paid by procurement card). Petty cash reimbursements are ...