One of the most common mistakes made by small businesses is getting the method wrong for replenishing a petty cash account. It is often caused by misunderstanding the basics behind the transaction.

A petty cash reimbursement form may be used to replenish a petty cash fund, or reimburse a department or employee, who paid out-of-pocket for an unplanned departmental purchase. Approval from the ...

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 ...

A Vice President and/or Dean may request the establishment of a working petty cash fund at any appropriate level, (i.e. division, department, office, or station). Funds may be requested by sending a ...

Petty cash is a convenient way to pay for expenses such as stamps and emergency purchases too small to pay for with a business check. Although you can fund a petty cash account in any amount, ...