Petty cash book

Happay14 Dec, 2022Business

As part of a company's manual record-keeping system, a petty cash book is usually a ledger book instead of an electronic record. Small and frequent purchases like food, gas, office supplies, electricity, postage, newspapers, and travel are usually recorded in a petty cash book, which is kept separate from the main cash book. The person in charge of keeping track of these kinds of financial transactions is called a "petty cash cashier". A business's chief cashier is usually in charge of keeping track of and writing down all of the business's huge daily transactions. Since this is the case, it's not a good idea to write down transactions for small amounts of money in the main cash book. Small cash transactions should be written down in a different book.