Types of assurance services

How to manage Petty Cash Reconciliations and Controls around Petty Cash

Let’s simplify petty reconciliation & cash control Some South African businesses have weak controls over petty cash.  Business owners assume that petty cash is a small amount of money, therefore there is no need to pay attention to controls over how it is spent. What they don’t know is that over time, if controls are inadequate, they can lose a significant amount of money.  What is petty cash? According to Debitoor, Petty cash reconciliation can […]

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