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| 07.PR021 Fund Petty Cash |
1.1 Complete Recounciliation Form
Complete a petty cash reconciliation form, in which the petty cash custodian lists the remaining cash on hand, vouchers issued, and any overage or underage.
Link to current petty cash log
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1.2 Seek Approval
Accounts admin reviews and approves the form and sends a copy to the accounts payable, along with receipts referenced on the form. The petty cash custodian retains a copy. |
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1.4 Add Cash to Petty Fund Cash
The cash then needs to be added to the petty cash fund. Finance administrator gives the cash to the petty cash custodian who includes it in the petty cash fund.
Finance administrator updates the running total of cash on hand in company accounts package and notes all receipts. Link to Bank Reconciliation Guidance Note and Process |
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