ERP glossary · Accounts

What is Petty cash?

Definition

Petty cash is a small amount of cash kept in the office to pay minor day-to-day expenses such as courier charges, tea and local travel.

It is usually run on an imprest basis: a fixed float is topped up when vouchers show it has been spent.

Petty cash in IndustryX

Petty cash accounts are included on every IndustryX plan.

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