Petty Cash

Petty Cash


Procedures: http://www.finance.ubc.ca/financial-guide/3-key-financial-policies-and-procedures/purchasing-and-payment-process/petty-cash

Important points to remember:

  • Maximum petty cash is $200.00.  Valid justification is required to setup an amount higher than $200.00
  • Petty Cash should be replenished regularly. Ensure that the receipts plus the remaining cash total the amount of the Petty Cash i.e. $200.00
  • Replenishment will be paid to the Petty Cash Custodian. To ensure a separate cheque is issued, the box for “separate cheque” in the Requisition for Payment should be checked. Otherwise, the reimbursement will be directly deposited in the custodian’s personal account