Tag: journal entries

Business Law & Regulations, Finance

How to Do Petty Cash Accounting & Recording in 4 Steps

August 1, 2018

Via: Fit Small Business

A petty cash fund is a small amount of money, usually under $500, used to cover incidentals. Petty cash accounting involves establishing a petty cash policy, setting up a petty cash log, creating journal entries, and reconciling the petty cash […]