Learn the policies and procedures described in this tutorial. Pass the quiz. Follow the instructions on page 13. Complete the exercise in SNAP Demo Petty Cash. Follow the instructions on page 16.
Petty cash is kept in a secure place by the custodian.
Petty Cash funds enable departments to pay cash for minor business expenses that would otherwise require the use of a Rapid Purchase Order or a SNAP Check. Petty Cash saves the University money because it costs less to use and is convenient for department administrators and central offices. Another low cost and convenient alternative is a Purchasing Card or Department Purchasing Card. The general procedure for maintaining your department's Petty Cash fund is as follows. The custodian reimburses the employee with money from the Petty Cash box.