Every business makes small buys every day for items, for example, office supplies, stamps, shipping charges, and different various things. Establishing a petty cash fund permits an entrepreneur to keep up control and record for the uses with insignificant expense and regulatory hassle. Keeping track of your petty cash is only a good bookkeeping practice, which will advantage your business. Petty cash should not be cash that is thrown around. Over the long run, it does impact the financial health of your business, thus it is vital to take care.
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