petty cash


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Related to petty cash: petty cash book

petty cash

a small cash fund kept on a firm's premises for the payment of minor incidental expenses
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Thompson was forced to confide in him that he owed some money to the petty cash but intended to put it back and claimed that a colleague, who has since emigrated, was also to blame.
The purpose of petty cash is merely to cover very basic and urgent needs, and that is why the Finance Ministry has allocated these amounts to governmental bodies," said Mr Al Murbati.
The petty cash of the Flintshire community mental health team was audited when concerns were raised.
Instead she kept every penny for herself, and at the same time was raiding the home's petty cash fund of up to PS200 a week.
Interestingly, a town hall source tells Mr B, it was petty cash with which some officers would buy sundry IT supplies such as mouse mats and computer paper from high street shops, rather than pay the somewhat less competitive prices out of the Liverpool Direct catalogue.
All petty cash must now be turned over in person to the town treasurer for deposit on a regular basis, and immediately once cash receipts total $250 or $1,000 in checks.
Chris Childs, laid out less than $10 -- which she recouped from petty cash -- to buy batteries for a digital camera.
Eliminate usage of petty cash to pay expanses, which hinders accurate tracking increases costs by maintaining cash balances and causes safety concerns by sending employees out of the office with cash in hand.
Some people may not know what to look for when reconciling petty cash and reviewing its controls.
Staff at Heartlands Hospital took the money from petty cash and even made a packed lunch to encourage the man to leave.
A survey of fraud-control arrangements in Australian government agencies indicates that the most frequent internal fraud is inappropriate use of petty cash and other negotiable instruments, such as checks.
Petty cash was stolen from Wolston Library, on the Manor estate, Wolston, and Binley Woods library, in Monks Road, Binley Woods.