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- DictionaryPet·ty cash/ˌpedē ˈkaSH/
noun
- 1. an accessible store of money kept by an organization for expenditure on small items: "I took the money out of the petty cash and paid her"
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Feb 29, 2024 · A petty cash fund is a small amount of company cash, often kept on hand (e.g., in a locked drawer or box), to pay for minor or incidental expenses, such as...
Jul 30, 2022 · Petty cash is the money a business keeps handy for unexpected expenses that occur, such as office supplies, postage, or business meals. It is an account that is used to reimburse employees for minor purchases and is recorded in the general ledger. Learn how to set up and manage a petty cash fund with the imprest system.
Oct 16, 2023 · The meaning of PETTY CASH is cash kept on hand for payment of minor items.
Nov 14, 2023 · November 14, 2023. What is Petty Cash? Petty cash is a small amount of cash that is used to make incidental cash purchases and reimbursements, such as for delivered meals. Petty cash can mitigate the effects of the more cumbersome accounts payable process, which involves the issuance of a check.
Definition. Petty cash is a small amount of cash that companies keep on hand for minor expenses, such as office supplies or meal reimbursements. It’s used for transactions that are not suitable for check or credit card payments due to their size or immediacy.
PETTY CASH meaning: 1. a small amount of money kept in an office for buying small things that are needed: 2. a small…. Learn more.
Definition of Petty Cash. Petty cash or a petty cash fund is a small amount of money available for paying small expenses without writing a check. Petty Cash is also the title of the general ledger current asset account that reports the amount of the company’s petty cash.
