Petty Cash Accounting

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1 Proper documentation One of the primary challenges of managing petty cash in accounting is ensuring proper documentation of all transactions

Petty Cash Accounting As the petty cash is used and the fund diminishes, it is replenished to the original fixed amount This is typically done by submitting the recorded expenses

kerala lottery agency palakkad Tracking Petty Cash Using the Write Checks Function To use the Write Checks function to account for petty cash expenditures, you must set up your Petty Cash Imprest funds allow the immediate purchase of emergency items necessary to the department's operation These funds may be managed as cash or through bank