ERP Internals/Glossary/Petty Cash
An amount of cash kept on hand to pay small expenses directly rather than going to the trouble of issuing an Accounts Payable check. Receipts are kept of each expense and periodically posted to the General Ledger.
An amount of cash kept on hand to pay small expenses directly rather than going to the trouble of issuing an Accounts Payable check. Receipts are kept of each expense and periodically posted to the General Ledger.