Petty cash boxes

Many offices and homes operate a petty cash system which is designed to pay for small expenditures such as stationery items and short haul travel expenses. With smaller amounts of cash being taken from this cache and funds added constantly it is essential that these monies are well managed and monitored.

When petty cash is removed for any reason, a receipt is required for the amount taken in order to properly track where the money has been spent, by whom and when. At the end of every month or quarter year, the petty cash supply must be balanced in the same way as other business accounts.

Receipts must be securely and consistently recorded and an audit trail must be established in order to track expenditure fully. An accounts book or computer database can be created in order to fully record each spend.

With cash in the form of smaller bank notes and coins it is vital that these monies are kept in a safe, secure but accessible manner.

Petty cash boxes are essential items of office supplies which can help contribute to the robust financial management of a small business. These are secure, lockable, usually metal boxes with several compartments. In these, cash, receipts and a small accounts and receipt book can be kept together in a single place. These are usually small enough to be locked in desk drawers or small cupboards.

It is important to ensure that only a single person is made responsible for the upkeep and security of the petty cash system in order to prevent confusion and untallied expenses.

Here at Supplies Web, we have a selection of petty cash boxes which can meet the financial needs of every business or home office. These are available in a range of sizes and we can help with the financial management of any business operation. High quality stationery supplies are essential for a firm to manage its workload effectively.