Petty cash is a convenience offered by most businesses. Unfortunately, it can create a risk to healthy company finances if not properly monitored.
The Issuing Petty Cash Policy provides guidelines for issuing, recording and reconciling petty cash so that this valuable company asset is protected. The procedure can easily be customized by replacing the tokens in brackets with the appropriate officers, names and numbers. You can further edit this procedure to include specific petty cash policies that are relevant to your company.
The “Issuing Petty Cash Policy” is recommended to be included within the Finance section of your Company Manual.
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