Petty Cash accounts are approved when a need is established and documented by the department head. Those reasons include, but are not limited to, frequent, small dollar transactions not able to be ...

Open the QuickBooks software and click the "Chart of accounts" button. Click the "Account" tab when the account interface loads. Select "New" in the pop-up menu. Select the bubble next to "Bank" ...

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 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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 ...

A surprise check of some city departments’ petty cash funds turned up some very petty findings. Some departments use their petty cash drawers in case of an emergency, but the city’s petty cash count ...

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 ...

Matt Lee is the founding partner of Atlas Growth Capital. He has 3+ years of experience as a consultant and startup advisor. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor ...

What Is a Petty Cash Fund? Petty cash is a small amount of cash-on-hand necessary for your departmental operations. Before a petty cash fund may be established, both the Departmental Cash Handling ...

This policy applies to all eligible employees of William & Mary, including the Virginia Institute of Marine Science (hereafter referred to as “the University”). This policy establishes the proper uses ...

The University of Texas at San Antonio is dedicated to the advancement of knowledge through research and discovery, teaching and learning, community engagement and public service. As an institution of ...