Petty Cash What is it?

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

Because credit cards and online transactions are common nowadays, petty cash funds are no longer necessary for a healthy business spending

paticash The purpose of a petty cash fund is to provide business units with sufficient cash to cover minor expenditures The intent is to simplify the reimbursement

paticash Imprest An account into which a fixed amount of money or cash equivalent is placed for the purpose of making change or minor disbursements Imprest is used