Do You Apply Petty Cash to Your Business?

[Suba]

Petty Cash is an amount of funds that must be available to a business which aims to finance small expenses, such as purchasing small amounts of equipment, employee meal allowances, change and other small payments, without having to withdraw money from the bank. Petty cash is not only applied to large companies but also to grocery stores, mini markets, etc. Of course, the petty cash balance will be taken from the main cash balance or bank.

 

[eLdavis]

Yes I usually tend to keep cash aside for my business, though things are abit scattered right now cause I had some issues I had to sort out as at last month and early this month. But am working towards building my savings again.

 

[Augusta]

Yes, you need to have a petty cash but little things or minor things that comes up in the business that needs you to attend to its financial needs

 

[Starmix]

When I was new to work, I applied for a petty cash. I was curious but the amount offered was very small only $10 . I challenged myself which is why I ventured in many businesses come what may to experience. I learned that it's true that experience is the best teacher .

 

[King Belieal]

It is always important that a business has petty cash to sort out all those small expenses on the spot. We use to call it miscellaneous expenses.