What is a petty cash system?

Petty cash system. What is it?

In this article, we are going to get to know the petty cash invoices that need to be submitted in the petty cash system, but before we get to know the petty cash invoices, we need to know the petty cash system first.

Petty cash system. It is a term used to refer to the cash that the business withdraws from the bank to the petty cash keeper for use in small amount items. The reason why most businesses rarely spend cash is because there is no need to worry when holding large amounts of cash, ease of control, systematic filing and accounting and auditing. Confirmable evidence And the petty cash system will disburse the amount that is disbursed with a fixed limit. Therefore, it must be checked whether the amount of petty cash is equal to the limit that has been set or not. from the total method between the amount paid with the undisbursed amount Which at this point requires easy viewing of the information contained in the cash withdrawal slip. Therefore, it can be said that it is a form used to show various withdrawal information. that will be used to withdraw money in the petty cash system But in withdrawing, there must be documents for withdrawing as well, namely:

- receipt

- Tax Invoice

- cash bill

- seller's ID card (If there is no bill)

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