Guide to implementing Petty Cash Control Procedures

Implementing Petty Cash Control Operating Procedures

Businesses maintain petty cash float to provide for small purchases that requires cash (example, refreshments for guests, taxi claims, urgent office supplies). The petty cash float is usually not more than a couple of hundred dollars and is replenished as and when the balance runs low.

Controls that can be implemented to prevent theft or other misuse are as follows:

Image

Download a flowchart that illustrates a typical petty cash control flow to guide you in the organisation of documentation flow and filing as well as in the implementation of your business' operating procedures and control.