Administering Petty Cash and Change Funds

Petty Cash paticash Imprest funds allow the immediate purchase of emergency items necessary to the department's operation These funds may be managed as cash or through bank paticash Petty Cash is a method of facilitating payment of small amounts of the purchase of minor office supplies items and small expenses payments such as carfares

paticash It is prepared by two methods: Ordinary system: In this case, a fixed sum of money is paid to petty cashier for the payment of petty expenses and after spending