Issuance of Petty Cash Fund

A petty cash fund is a convenient resource that businesses maintain to cover small, day-to-day expenses. It’s like having spare change readily available to handle minor purchases without the need for complex approvals or reimbursement processes.

Steps in issuing Petty Cash Funds #

1. From the Dashboard, click on the side bar and select Expense
2. Click on the plus icon (+) to add a new expense.
3. In the Add Expense screen, select your petty cash custodian as the Vendor. (fig. 1)

4. Select Petty Cash Fund as your Expense Account. (fig. 2)

5. Issue the payment of the petty cash fund expense. (fig. 3)