Invoicera

FEBRUARY 18, 2024

Summary Petty cash is a small amount of money a business keeps to cover little expenses. It is essential to manage petty cash effectively. But how to handle petty cash when everyone is switching to digital payments? Let’s begin with learning the definition of petty cash.

Petty cash 52

Petty cash Record Keeping Budgeting Auditing 52

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

Nanonets

JANUARY 17, 2024

Handling exchange rates, compliance with foreign regulations, and reconciling multicurrency transactions require specialized tools and expertise. Approval workflow is integrated into the company's expense management software for tracking and record-keeping. Expenses between $100-$500: Department head approval.

Expense Reports 52

Expense Reports Budgeting Data Entry Auditing 52