A form of imprest fund, whereby a fixed cash flow is set aside for small immediate cash outlays and is replenished periodically as it is used.

A current asset account that represents an amount of cash for making small disbursements such as postage due and reimbursements for small amounts of supplies. To Top

Small amounts of cash held on the premises to cover incidental expenses.

a reimbursement made to an individual for personal funds expended on materials or services (with some restrictions) which are authorized under the Procurement Code. Limited to $50.

A sum of money set aside on an imprest basis. Cash held for making change or paying small obligations when the issuance of a formal voucher and warrant/check would be too expensive and time consuming. Petty cash includes both change and imprest accounts. Refer to IMPREST ACCOUNT.

small fund eg. $200 that a company keeps on hand to cover smaller, miscellaneous expenses.

A small amount of cash maintained to pay minor disbursements.

a small fund of cash that a firm keeps for the payment of incidental expenses

This term refers to the amount of actual cash kept on hand (and recorded) for making any small payments.

Reimbursements made to employees for small departmental purchases; also, the fund used for this purpose.

The fund used to make cash reimbursements for incidental expenditures of less than $50.

A cash fund for the payment of small unplanned expenses.

A small fund of money kept for incidental everyday purchases.

a small store of cash used for minor business expenses.

A small amount of money kept for minor purchases for the business, which do not warrant writing a cheque.

A small amount of money held in reserve (normally used to purchase items of small value where a cheque or other form of payment is not suitable).

A relatively small amount of cash on hand or on deposit available for minor disbursements and usually maintained under the imprest system.

A small fund maintained for incidental expenses.

A small amount of cash used to pay for miscellaneous small expenditures to avoid writing checks for every minor item. When the pretty cash fund is replenished from the general checking account, the various expenses are summarized and recorded to the proper expense accounts. See also imprest fund.

A small-time criminal or an acquisition ( q.v.) with a relatively small bounty.

A fund in the form of coin or currency set apart to pay for small items of expense which is replenished periodically by exchange of cash from the principal fund for paid vouchers from the Petty Cash Fund.

Petty Cash Funds are cash advances granted to departments by the University to facilitate payment of minor expenditures not exceeding $100 per item unit cost.

Petty cash funds are established when there is a demonstrable need to have cash on hand to provide for occasional purchases of low value goods and services withch cannot be accommodated through other purchasing procedures. Petty cash may not be used for payroll payments, services of an independent contractor, inventorial equipment, restricted goods and services, entertainment expense, liquor, travel expenses (except parking charges, where these are the only expenses being claimed), parking/driving citations, and other personal obligations.

This refers to the cash on hand that is used to handle any emergencies

Businesses often need small amounts discretionary funds in the form of cash known as petty cash for expenditures where it is not practical to make the disbursement by check.