Petty CashBalance Sheet – A form that is used to aid in accounting for all Petty Cash funds. Petty Cash Request Change Form – This form is used by the Lead Cashier to record any changes associated ...

When balancing any petty cash funds and you discover an overage or shortage, the difference should be identified on the Petty Cash Balance Sheet (xlsx). Departments should exercise due diligence by ...

The normal balance of petty cash can vary depending on the size of the company. Typically a small-to-medium business keeps about $100 of cash on hand, but large corporations may have as much as ...

After you establish a set amount of money to place in petty cash, such as $500, you need to debit a new account labeled "Petty Cash" and credit the "Cash" account. In accounting, you debit an ...