Accounting Tools

APRIL 6, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash How to Fund Petty Cash When cash is added to a petty cash fund, the basic concept is to replace the amount of any cash that had previously been disbursed from the fund.

Petty cash 40

Petty cash General Ledger Accounts Payable Accounts Payable 40

Accounting Tools

APRIL 14, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Petty Cash Journal? The petty cash journal contains a summarization of the payments from a petty cash fund. Forward the packet to the general ledger clerk.

Petty cash 40

Petty cash General Ledger Bookkeeping Auditing 40

Accounting Tools

APRIL 1, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Petty Cash Voucher? A petty cash voucher is a standard form used as a receipt whenever cash is withdrawn from a petty cash box.

Petty cash 40

Petty cash General Ledger Reconciling Bookkeeping 40

Accounting Tools

APRIL 3, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash A petty cash reconciliation is a formal review of petty cash records. Such disbursements are a common problem in petty cash, where there is a high risk of fraud.

Petty cash 40

Petty cash Reconciling General Ledger Auditing 40

Accounting Tools

APRIL 8, 2024

The imprest amount is the fixed amount of cash that is presumed to be located in a petty cash box. For example, the initial funding of a petty cash box is $300, and this amount is recorded in the corresponding general ledger account for petty cash.

Petty cash 40

Petty cash General Ledger Bookkeeping Auditing 40

Accounting Tools

MARCH 25, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Imprest System? The imprest system is an accounting system for paying out and subsequently replenishing petty cash.

Petty cash 40

Petty cash General Ledger Bookkeeping Auditing 40

Accounting Tools

NOVEMBER 26, 2023

What is a Petty Cash System? A petty cash system is a set of policies, procedures, controls, and forms that a company uses to dispense cash for various miscellaneous needs, such as office supplies and services. The basic process of setting up a petty cash system is: Location. Fund petty cash boxes.

Petty cash 40

Petty cash General Ledger Expense Reports Reconciling 40