petty cash - definitie. Wat is petty cash
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Wat (wie) is petty cash - definitie

PROXY
Petty cashier; Petty cash fund; Imprest fund; Petty Cash

petty cash         
¦ noun an accessible store of money for expenditure on small items.
petty cash         
Petty cash is money that is kept in the office of a company, for making small payments in cash when necessary. (BUSINESS)
N-UNCOUNT
Petty cash         
Petty cash is a small amount of discretionary funds in the form of cash used for expenditures where it is not sensible to make any disbursement by cheque, because of the inconvenience and costs of writing, signing, and then cashing the cheque.

Wikipedia

Petty cash

Petty cash is a small amount of discretionary funds in the form of cash used for expenditures where it is not sensible to make any disbursement by cheque, because of the inconvenience and costs of writing, signing, and then cashing the cheque.

The most common way of accounting for petty cash expenditures is to use the imprest system. The initial fund would be created by issuing a cheque for the desired amount. An amount of $100 would typically be sufficient for most small business needs as the expenses to be covered are for small amounts. The bookkeeping entry for this initial fund would be to debit Petty Cash and credit bank account. This cheque would then be cashed to acquire the actual cash needed for payments.

As expenditures are made, the custodian of the fund (a bookkeeper or a member of the administration staff) will reimburse employees and receive a petty cash voucher with a receipt/invoice attached in return. At any given time, the total of cash on hand plus reimbursed vouchers must equal the original fund.

When the fund gets low, e.g. $20 remaining, the custodian requests a top up and submits the vouchers for reimbursement. Assuming the vouchers add up to $80, an $80 top up cheque is issued and an $80 debit towards office expenses is recorded. Once the cheque is cashed, the custodian again has cash at the original amount of $100.

Voorbeelden uit tekstcorpus voor petty cash
1. Petty cash won‘t make me rich." Yes, he mediated between Friedman and borrowers, he says.
2. NIS 600 was taken from the two safes, money used as "petty cash" by the office.
3. That‘s petty cash compared to what photos of Baby Brangelina might bring.
4. These were variously labeled as "reimbursement," "one–time vendor" and "Smithsonian petty cash," documents show.
5. Petty cash I spent about an hour and a half the other day doing an interview for a BBC documentary.