Title: Manage petty cash records.
Course: Office Specialist II - Preparation (12004 - II) > Section: Keeping Financial Records

Management should include

- defining petty cash, vouchers, and record sheet
- explaining that the purpose of a petty cash fund is for small, incidental cash payments
- preparing a petty cash voucher as proof of payment from the fund
- setting a minimum petty cash balance to signify when it may be time to replenish the account
- updating other ledger accounts that may be affected by petty cash disbursements.