A Complete Guide on Petty Cash Management

Petty cash is crucial for the financial welfare of the business. So, manage it properly and experience a smooth accounting process.

Consider the following scenario: You manage an IT firm, and one evening, a client unexpectedly visits your office. Now, you're serving some coffee and snacks. Now the question arises - should the expenses be charged to the company credit card immediately, or should they be reimbursed later after processing by the accounts team?

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