Petty Cash Accounts Workspace

Use this workspace to create and maintain petty cash accounts.

A petty cash account is a petty cash box or an account in, for example, a public institution.

Decentralized public institutions typically use petty cash accounts to enter small purchases that they enter in the general journal, using one of the reconciliation accounts of the petty cash account, such as cash or a checking account, as the offsetting account. To control the cash content of the petty cash account, you specify minimum and maximum funds limits that determine how large the amount of cash on hand can be.