Petty Cash

What is Petty Cash?

A small amount of cash kept on hand for minor day-to-day expenses.

Think of it like this…

A small wallet for the business’s quick purchases.

Why does it matter?

• Covers small, urgent expenses without needing a formal payment process
• Keeps track of minor spending
• Helps avoid using personal money for business costs

Best practice

Record every petty cash transaction to prevent misuse.