i have been asked to establish a petty cash system for my oranisation. what security procedures should i implement to ensure an effective petty cash system.
2006-06-15 03:10:32 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Well, First of all nothing comes out of the petty cash without a legitimate receipt. Second you need to be the only one who ever gets anything out of the petty cash box/envelope whatever you use. Third, All receipts need to be signed by yourself and the person who is getting the money. If you stick with these three basic things you should be good to go. Good luck! Brandi =)
2006-06-15 03:18:53 · answer #1 · answered by Brandi 2 · 4⤊ 1⤋
Make sure you receive a formal quotation from who ever is asking for petty cash. That way you will be sure (somewhat) the money is being spent the right way and your but is covered for issuing the money. Definitely collect the receipt after purchasing with the signature of the person who received the cash.
2006-06-15 10:29:38 · answer #2 · answered by redhair 1 · 0⤊ 0⤋
First of all you need to learn to use spell check---------organization is the word your after here, I believe. Any way i think.
2006-06-15 10:15:29 · answer #3 · answered by Anonymous · 0⤊ 1⤋