{"id":8357,"date":"2024-09-18T06:28:40","date_gmt":"2024-09-18T06:28:40","guid":{"rendered":"https:\/\/www.hashmicro.com\/ph\/blog\/?p=8357"},"modified":"2026-03-13T08:56:39","modified_gmt":"2026-03-13T08:56:39","slug":"petty-cash-in-accounting","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/ph\/blog\/petty-cash-in-accounting\/","title":{"rendered":"Petty Cash Meaning and How to Calculate it with Examples"},"content":{"rendered":"<p><em>Nag-alala ka na ba kung tama ang iyong pagkaunawa sa petty cash at kung paano ito makakatulong sa iyong mga layunin sa negosyo?<\/em><\/p>\n<p>A study mentioned that out of 15 companies surveyed, <a href=\"https:\/\/www.arcjournals.org\/pdfs\/ijmsr\/v9-i4\/7.pdf\" target=\"_blank\" rel=\"noopener\"><strong>100% of Philippine companies<\/strong><\/a> have done petty cash management. They understand that controlling petty cash through financial management systems is crucial for success.<\/p>\n<p>However, if you are unfamiliar with the concept of petty cash or want to gain a deeper understanding of its meaning, how to calculate, and manage it effectively, you are in the right place. In this article, we will explain everything in detail to help you enhance your business management skills.<\/p>\n<table style=\"border-collapse: collapse; background-color: #fffacd; border-radius: 25px 25px 25px 25px;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"padding: 15px; border: none;\">\n<h3 style=\"margin-bottom: 10px;\"><span style=\"background-color: #990000; color: #ffffff; padding: 5px;\"><b>Key Takeaways<\/b><\/span><\/h3>\n<ul>\n<li><a href=\"#what-is\">Petty cash is<\/a> an important part of what Filipino companies must do to ensure that their cash flow is smooth.<\/li>\n<li>There are <a href=\"#benefits-of\">5 benefits<\/a> of petty cash you should know, including its <a href=\"#purposes-of\">4 purposes<\/a>.<\/li>\n<li>The <a href=\"#how-to\">7 steps<\/a> of calculating petty cash funds are important for you to do one by one.<\/li>\n<li>If you are looking for the most simple way to calculate and manage your petty cash, try <a href=\"https:\/\/www.hashmicro.com\/ph\/accounting-software\">HashMicro\u2019s accounting software<\/a>. It helps businesses to manage their financial aspects smoothly by offering great systems with <a href=\"https:\/\/www.hashmicro.com\/ph\/free-product-tour\/\">free demos<\/a>.<\/li>\n<\/ul>\n<p><span data-sheets-root=\"1\"><style>\r\n.button-cta-custom {\r\n    background-color: #8a0e19;\r\n    color: #fff !important;\r\n    -webkit-transition: all .3s ease;\r\n    transition: all .3s ease;\r\n    padding: 8px 24px;\r\n    display: inline-block;\r\n    border-radius: 8px;\r\n    font-size: 16px;\r\n    font-weight: bold;\r\n}\r\n.button-cta-custom:hover{\r\n\tbackground-color:#991b26\t\t\r\n}\r\n<\/style>\r\n<a class=\"button-cta-custom\" href=\"https:\/\/www.hashmicro.com\/ph\/free-product-tour\/?medium=cta-button\" target=\"_blank\">Click Here to Get the Free Demo!<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span id=\"what-is\"><div id=\"toc_group_article\" style=''>\r\n\t<p style='font-size:25px;font-weight:bold; margin-bottom:0px'>\r\n\t\tTable of Contents\r\n\t<\/p>\r\n\t<ul id=\"list_toc\" class='list_toc'><\/ul>\r\n<\/div>\r\n\r\n<div id=\"placeholder-toc\"><\/div>\r\n<div id=\"toc\">\r\n    <div class=\"header\">\r\n\t<span class=\"toc-title\" id=\"toc-title\">Content Lists<\/span>\t\r\n\t <i class=\"toc-icon\">\r\n        <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"30\" height=\"30\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"#000\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" class=\"header-icon\">\r\n          <path d=\"m6 9 6 6 6-6\" \/>\r\n        <\/svg>\r\n      <\/i>\r\n\t<\/div>\r\n    <div class=\"list\">\r\n      <ul id=\"toc-list\"><\/ul>\r\n    <\/div>\r\n <\/div>\r\n\r\n<style>\r\n\/* Simple styling for the TOC *\/\r\n\t\r\n\t#toc ul li:last-child {\r\n    padding-bottom: 16px; \/* Adjust the value as needed *\/\r\n}\r\n\r\n.td-fix-index {\r\n\t transform: unset !important;\r\n     -webkit-transform: unset !important; \r\n}\r\n.footer-contact .td-fix-index {\r\n\t transform: translateZ(0) !important;\r\n     -webkit-transform: translateZ(0) !important; \r\n}\r\n\t.tdb_single_content .tdb-block-inner.td-fix-index{\r\n\t\tposition: static;\r\n\t}\r\n\t\r\n\r\n\t\r\n#toc {\r\n  background-color: #FFF;\r\n\tpadding: 17px 24px 20px 24px !important;\r\n  margin-bottom: 20px;\r\n\/*   border: 1px solid #9C171E; *\/\r\n  border-radius: 6px;\r\n\tdisplay: none;\r\n  max-width: 100%;\r\n  transition: .4s ease height;\r\n\tmargin-left: 0;\r\n\toverflow: hidden;\r\n}\r\n\r\n#toc .header{\r\n  display: flex;\r\n  align-items: center;\r\n  justify-content: space-between;\r\n\tbackground-color: transparent;\r\n}\r\n\t\r\n\t#toc.sticky .header{\r\n\t\tpadding: 4px 0;\r\n\t}\r\n\t\r\n.header p{\r\n  font-size: 18px !important;\r\n  font-weight: 600 !important;\r\n  color: #393939;\r\n   margin-bottom: 0;\r\n  \/* margin-top: 20px; *\/\r\n}\r\n\r\n.toc-icon{\r\n  float: right;\r\n\/*   visibility: hidden; *\/\r\n}\r\n\r\n\t.toc-title{\r\n\t\tmargin-right: auto;\r\n\/* \t\tpadding-left: 20px; *\/\r\n\t\tfont-weight: 600;\r\n\t\talign-self: center;\t}\t\r\n\r\n#toc ul {\r\n  list-style-type: none;\r\n  padding-left: 0;\r\n  padding-top: 20px;\r\n  margin-top: 0px;\r\n}\r\n\t\r\n#toc.sticky ul{\r\n\toverflow-y: auto;\r\n\tmax-height: 250px;\r\n\tmargin-top: 0px;\r\n\tpadding-top: 20px;\r\n\/* \tborder-top: 1px solid #d3d3d3; *\/\r\n}\r\n\t\r\n#toc ul li {\r\n\/*   margin-bottom: 10px; *\/\r\n  margin-bottom: 10px;\r\n\tmargin-left: 0;\r\n\ttransition: .2s ease;\r\n\tcursor: pointer;\r\n}\r\n\t\r\n\t#toc.sticky ul li {\r\n\t  margin-right: 10px;\r\n\t}\r\n\t\r\n.td-post-content #toc-list li a:hover, .td-post-content #toc-list a.active{\r\n\tbackground-color: #FFF;\r\n\/* \tpadding: 8px 16px 8px 16px; *\/\r\n\tpadding: 4px 16px 4px 16px;\r\n\tborder-radius: 6px;\r\n\tcolor: #9c171e !important;\r\n\tfont-weight: 600 !important;\r\n}\r\n\t\r\n\t.td-post-content #toc-list li:hover a, .td-post-content #toc-list a.active{\r\n\t\tcolor: #9C171E !important;\r\n\t\tfont-weight: 600 !important;\r\n\t}\r\n\t\r\n.td-post-content #toc-list a.active{\r\n\tfont-weight: bold !important;\r\n\tcolor: #9C171E !important;\r\n}\r\n\t\r\n#toc a, .td-post-content #toc-list a {\r\n  text-decoration: none;\r\n  color: #ea1717 !important;\r\n  transition: .2s ease;\r\n\tfont-weight: 400 !important;\r\n\tdisplay: block;\r\n\t\r\n\tpadding: 4px 16px 4px 0;\r\n}\r\n\r\n#toc.sticky {\r\n  position: fixed;\r\n\/*   top: 73px; *\/\r\n\tbottom: 0;\r\n  z-index: 100; \r\n  box-shadow: 0 2px 5px rgba(0,0,0,0.1); \r\n\twidth: 100%; \r\n\tbackground-color: #FFF;\r\n\/* \tbackground-color: #FFF1F1; *\/\r\n\tborder-bottom: 1px solid #ea1717;\r\n\/*   border: 1px solid #393939; *\/\r\n  box-shadow: 0px 0px 14px 0px #00000040;\r\n  cursor: pointer;\r\n\tanimation: fadein .3s ease;\r\n\tpadding: 12px 16px !important;\r\n}\r\n\t\r\n\t.fadein{\r\n\t\tanimation: fadein .3s ease;\r\n\t}\r\n\t\r\n\t.fadeout{\r\n\t\tanimation: fadeout .3s ease;\r\n\t}\r\n\t\r\n\t\r\n\t@keyframes fadein{\r\n\t\t0% {\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t\t100%{\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t}\r\n\t\r\n\t@keyframes fadeout{\r\n\t\t0% {\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t\t100%{\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t}\r\n\r\n\t\r\n#toc.sticky .header p{\r\n\tmargin-bottom: 10px;\r\n\tmargin-top: 10px;\r\n}\r\n\r\n#toc.sticky .toc-icon{\r\n  visibility: visible;\r\n\/* \ttransition: 0.4s ease; *\/\r\n}\r\n\t\r\n\t.toc-icon{\r\n\t\talign-items: center;\r\n    \tdisplay: flex;\r\n\t}\r\n\t\r\n\tsvg.header-icon{\r\n\/* \t\tbackground-color: #9c171e; *\/\r\n\t\tbackground-color: #FFF;\r\n\t\tborder-radius: 30px;\r\n\t\tpadding: 5px;\r\n\t}\r\n\r\n#toc.sticky .list{\r\n\/*   max-height: 0; *\/\r\n  transition: height 0.4s ease;\r\n}\r\n\t\r\n\t#toc .list{\r\n\/*   max-height: 0; *\/\r\n  transition: height 0.4s ease;\r\n}\r\n\r\n#toc .header.active .toc-icon{\r\n\ttransform: rotate(0deg); \r\n\topacity: 1;\r\n}\r\n\r\n\t#toc .header.active + .list {\r\n\t  max-height: 200px; \/* Adjust this value as needed *\/\r\n\t  opacity: 1;\r\n\t}\r\n\t\r\n\t#placeholder-toc{\r\n\/* \t\tdisplay: none; *\/\r\n\t}\r\n\t\r\n\t@media (min-width: 768px) and (max-width: 991px){\r\n\t\t#toc.sticky{\r\n\/* \t\t\ttop: 104px; *\/\r\n\t\t\tbottom: 0px;\r\n\t\t}\r\n\t\t\r\n\t\t#toc{\r\n\t\t\twidth: unset !important;\r\n\t\t}\r\n\t}\r\n\t\r\n\t@media (max-width: 767px){\r\n\t\t#toc{\r\n\t\t\twidth: 100% !important;\r\n\t\t\tdisplay: inline-block;\r\n\t\t}\r\n\t\t\r\n\t\t#toc.sticky{\r\n\t\t\twidth: 84% !important;\r\n\/* \t\t\ttop: 81px; *\/\r\n\t\t\tbottom: 60px;\r\n\t\t\tmargin-left: auto;\r\n\t\t\tmargin-right: auto;\r\n\t\t\tpadding: 0 16px;\r\n\/* \t\t\tright: 5%; *\/\r\n\t\t}\r\n\t}\r\n<\/style>\r\n\r\n<style>\r\n\t#list_toc li {margin-bottom: 0;margin-top: 5px;}\r\n\t#list_toc > li > ul {padding-left: 20px;margin-bottom: 0;}\r\n\t#list_toc{height:max-content;transition:ease-in-out}\r\n\t#list_toc li {margin-bottom: 0;margin-top: 5px;}\r\n\t#list_toc_float li.active > a {color:#b1252d;background: #ffe1e3;}\r\n\t#list_toc_float li a {padding:3px 7px}\r\n\t#list_toc_float li a {\r\n\t\tdisplay: block;\r\n\t\tcolor:#000;\r\n\t\tmargin-bottom: 10px;\r\n\t\ttransition:all 0.2s ease-in-out;\r\n\t\tfont-size:15px\r\n\t}\r\n\t#list_toc_float li{list-style:none;list-style-position:inside; margin-left:0;}\r\n\t#list_toc_float a:hover{color:#b1252d;}\r\n\t\r\n\t#list_toc_float li a{margin-bottom:0px}\r\n\t#toc_group_float{\r\n\t\tline-height: 24px;\r\n\t\tmax-height: calc(100vh - 100px);\r\n\t\toverflow: auto;\r\n\t\tz-index: 99;\r\n\t\tdisplay:none!important;\r\n\t\tbackground:#fff;\r\n\t\ttransition:all 0.5s linear\r\n\t}\r\n\t\r\n\t@media (min-width:1019px){\r\n\t\t#toc_group_float {\r\n\t\t\tdisplay:block!important;\r\n\t\t\t}\r\n\t\t\t\t#toc_group_article {\r\n\t\t\tdisplay:none;\r\n\t\t}\r\n\t}\r\n\t\r\n\t@media (max-width:768px){\r\n\t\t#toc_group_article {\r\n\t\t\tdisplay:none;\r\n\t\t}\r\n\t}\r\n\t\r\n\t \/* custom scrollbar style *\/\r\n::-webkit-scrollbar {\r\n    width: 7px;\r\n}\r\n::-webkit-scrollbar-track {\r\n    background: #d7a2a4;\r\n}\r\n::-webkit-scrollbar-thumb {\r\n    background: #b1252d;\r\n    border-radius: 15px;\r\n}\t\t\r\n\r\n<\/style>\r\n\r\n<script>\r\n\tdocument.addEventListener('DOMContentLoaded', function() {\r\n\t\t\/\/ Function to handle click on all <a> elements with href starting with #\r\n\t\tfunction handleTitleClick(event) {\r\n\t\t\tevent.preventDefault();\r\n\t\t\tconst targetId = this.getAttribute('href').substring(1);\r\n\t\t\tconst targetElement = document.getElementById(targetId);\r\n\r\n\t\t\tif (targetElement) {\r\n\t\t\t\tconst headerHeight = document.querySelector('#toc .header').offsetHeight;\r\n\t\t\t\tconst navbarHeight = document.getElementById('tdi_34') ? document.getElementById('tdi_34').offsetHeight : 0;\r\n\t\t\t\tconst windowHeight = window.innerHeight;\r\n\t\t\t\tconst targetOffset = targetElement.offsetTop;\r\n\t\t\t\tconst scrollTo = targetOffset + (windowHeight \/ 2) + (headerHeight) - navbarHeight - 40;\r\n\r\n\t\t\t\twindow.scrollTo({\r\n\t\t\t\t\ttop: scrollTo,\r\n\t\t\t\t\tbehavior: 'smooth'\r\n\t\t\t\t});\r\n\t\t\t}\r\n\t\t}\r\n\r\n\t\t\/\/ Add event listener for all <a> elements in toc-list and list-toc\r\n\t\tconst titleLinks = document.querySelectorAll('#toc-list a, #list_toc a');\r\n\t\ttitleLinks.forEach(link => {\r\n\t\t\tlink.addEventListener('click', handleTitleClick);\r\n\t\t});\r\n\t});\r\n<\/script>\r\n\r\n<!-- ToC List for mobile -->\r\n<script>\r\n \/\/ Generate TOC based on headings\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  \/\/ Get the element that will contain the TOC\r\n  const tocList = document.getElementById('toc-list');\r\n\r\n  \/\/ Get the element with class 'td-post-content'\r\n  const article = document.querySelector('.td-post-content');\r\n\r\n  \/\/ Find all h2 elements within the article\r\n  const headers = article.getElementsByTagName('h2');\r\n\r\n  \/\/ Loop through the h2 elements and create a list item for each one\r\n  for (let i = 0; i < headers.length; i++) {\r\n    const header = headers[i];\r\n    const headerText = header.textContent;\r\n\/\/     const headerId = 'header-' + i;\r\n    const headerId = headerText\r\n    .toLowerCase()\r\n    .trim()\r\n    .replace(\/[^\\w\\s-]\/g, '')  \/\/ hapus tanda baca\r\n    .replace(\/\\s+\/g, '-'); \/\/ ganti spasi jadi \"-\"\r\n\r\n    \/\/ Set an ID for the header if it doesn't have one\r\n    header.setAttribute('id', headerId);\r\n\r\n    \/\/ Create a list item for the TOC\r\n    const listItem = document.createElement('li');\r\n\r\n    \/\/ Create a link for the list item\r\n    const link = document.createElement('a');\r\n    link.setAttribute('href', '#' + headerId);\r\n    link.textContent = headerText;\r\n\r\n    \/\/ Append the link to the list item\r\n    listItem.appendChild(link);\r\n\r\n    \/\/ Append the list item to the TOC list\r\n    tocList.appendChild(listItem);\r\n  }\r\n});\r\n\r\n\/\/ Keep height and placement of content using placeholder in place of TOC\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  const toc = document.querySelector('#toc');\r\n  const placeholderToc = document.querySelector('#placeholder-toc');\r\n\r\n  function setPlaceholderHeight() {\r\n    placeholderToc.style.height = `${toc.offsetHeight}px`;\r\n  }\r\n\r\n  \/\/ Set the initial height of the placeholder\r\n  setPlaceholderHeight();\r\n\r\n  \/\/ Update the height on window resize\r\n  window.addEventListener('resize', setPlaceholderHeight);\r\n});\r\n  const tocTitle = document.querySelector('#toc-title');\r\n\r\n\/\/ Sticky TOC and update heading\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  const toc = document.querySelector('#toc');\r\n  const footer = document.querySelector('.td-footer-template-wrap');\r\n  const tocParent = toc.parentElement;\r\n  const divTop = tocParent.getBoundingClientRect().top + window.pageYOffset;\r\n  const tocHeight = toc.offsetHeight;\r\n  const triggerPoint = divTop + tocHeight + 700;\r\n  const footerHeight = footer.offsetHeight;\r\n  const triggerFooterPoint = footer.getBoundingClientRect().top + window.pageYOffset - footerHeight - footerHeight - footerHeight;\r\n  const phtoc = document.querySelector('#placeholder-toc');\r\n  const headers = document.querySelectorAll('.td-post-content h2');\r\n  const navLinks = document.querySelectorAll('#toc-list a');\r\n\t\r\n\tconst panel2 = document.querySelector(\"#toc .list\");\r\n\tvar icon = document.querySelector(\".toc-icon\");\r\n\r\n  let activeLink = null; \/\/ Declare activeLink outside the loop\r\n\t\r\n  \/\/ Function to handle scroll and add\/remove .sticky class\r\n  function handleScroll() {\r\n    const windowTop = window.pageYOffset || document.documentElement.scrollTop;\r\n    let currentHeader = '';\r\n\r\n    \/\/ Highlight user progress as the heading comes\r\n    headers.forEach(header => {\r\n\t\tconst headerTop = header.offsetTop;\r\n\t\tconst headerHeight = header.clientHeight;\r\n\t\tif(window.innerWidth < 767){\r\n\t\t\ttocTitle.textContent = 'Table of Contents'; \/\/ Selalu pertahankan judul ini di mobile\r\n\t\t} else {\r\n\t\t\tif (window.scrollY >= (headerTop - headerHeight + 700)) {\r\n\t\t\t\tconst currentHeaderId = header.getAttribute('id');\r\n\t\t\t\tconst currentHeaderText = document.getElementById(currentHeaderId).textContent;\r\n\t\t\t\ttocTitle.textContent = currentHeaderText;\r\n\t\t\t\tcurrentHeader = currentHeaderId;\r\n\t\t\t}\r\n\t\t}\r\n\t});\r\n\r\n    navLinks.forEach(link => {\r\n      link.classList.remove('active');\r\n      if(currentHeader != '') {\r\n\t\t  if (link.getAttribute('href').includes(currentHeader)) {\r\n\t\t\t  link.classList.add('active');\r\n\t\t  }\r\n\t  }\r\n    });\r\n\r\n    \/\/ Update TOC title if sticky\r\n    if (windowTop > triggerPoint) {\r\n      if (!toc.classList.contains('sticky')) {\r\n        phtoc.style.display = \"block\";\r\n        toc.classList.add('sticky');\r\n        toc.style.width = `${tocParent.offsetWidth}px`; \/\/ Set width to match the parent element\r\n        toc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n        toc.style.backgroundColor = \"#FFF\";\r\n\t\tpanel2.style.height = '0px';\r\n\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\t\t  if(window.innerWidth < 767){\r\n\t\t\t  tocTitle.textContent = 'Table of Contents'; \/\/ Reset title\r\n       \t\t  toc.style.width = '150px'; \/\/ Set width to match the parent element\r\n\t\t  }\r\n      }\r\n      if (currentHeader) {\r\n        tocTitle.textContent = activeLink ? activeLink.textContent : \"\"; \/\/ Update title only if activeLink exists\r\n      }\r\n    } else {\r\n      toc.classList.remove('sticky');\r\n      phtoc.style.display = \"none\";\r\n      toc.style.width = 'unset'; \/\/ Reset to original width\r\n      toc.style.backgroundColor = \"#FFF\";\r\n      tocTitle.textContent = 'Table of Contents'; \/\/ Reset title\r\n\t\tpanel2.style.height = panel2.scrollHeight + \"px\";\r\n\t\ticon.style.transform = \"rotate(180deg)\";\r\n    }\r\n  }\r\n\r\n    \/\/ Attach the scroll event listener to the window\r\n    window.addEventListener('scroll', handleScroll);\r\n\r\n    \/\/ Initial call to handleScroll to set the correct state on load\r\n    handleScroll();\r\n});\r\n\t\r\n\t\/\/ Open toggle TOC\r\n\t  document.addEventListener(\"DOMContentLoaded\", function() {\r\n\t\tvar tocHeader = document.querySelector(\"#toc .header\");\r\n\t\tvar toc = document.querySelector(\"#toc\");\r\n\t\tvar icon = document.querySelector(\".toc-icon\");\r\n\t\tconst tocTitle = document.querySelector('#toc-title');\r\n\t\tconst tocs = document.querySelector('#toc.sticky');\r\n \t\tconst tocParent = toc.parentElement;\t\t  \r\n\r\n\t\t  tocHeader.addEventListener(\"click\", function() {\r\n\t\t\tvar panel = this.nextElementSibling;\r\n\t\t\tif (panel.style.height !== '0px') { \/\/ Check if height is not 0px\r\n\t\t\t  panel.style.height = '0px'; \/\/ Set height to 0 for full collapse\r\n\t\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\t\t\t\tif(window.innerWidth > 768){\r\n\t\t\t\t\tif(!toc.classList.contains('sticky')){\r\n\t\t\t\t\t\ttoc.style.width = \"unset\";\r\n\t\t\t\t\t}\r\n\t\t\t\t\tif (toc.classList.contains('sticky')){\r\n\t\t\t\t\t\ttoc.style.width = '${tocParent.offsetWidth}px';\r\n\t\t\t\t\t\ttoc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n\t\t\t\t\t}\r\n\t\t\t\t}\r\n\t\t\t\tif(window.innerWidth < 767){\r\n\t\t\t\t\ttoc.style.width = \"unset\"; \/\/ Reset width\r\n\t\t\t\t}\r\n\t\t\t\ttoc.style.backgroundColor = \"#FFF1F1\";\r\n\t\t\t} else {\r\n\t\t\t  panel.style.height = panel.scrollHeight + \"px\";\r\n\t\t\t  icon.style.transform = \"rotate(0deg)\";\r\n\t\t\t  toc.style.backgroundColor = \"#FFF\";\r\n\t\t\t  tocTitle.textContent 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scroll\r\n  const tocClasses = ['list_toc', 'list_toc_float']; \/\/ Add other TOC class names here if you have more than two instances\r\n  tocClasses.forEach(tocClass => {\r\n    window.addEventListener('scroll', () => scrollSpy(tocClass));\r\n  });\r\n<\/script>\r\n\t\r\n\r\n<!-- ToC List for desktop side bar, diganti jadi inject by php, di code snippet \"Sidebar Accordion\" -->\r\n<!-- <script>\r\n\tdocument.addEventListener('DOMContentLoaded', function() {\r\n        let headerCounter = 0; \/\/ Counter to generate unique IDs\r\n\r\n\t\t\/\/ Function to generate ID in header0, header1, etc. format\r\n\t\tfunction formatId() {\r\n\t\t\treturn `header-${headerCounter++}`; \/\/ ID format: header0, header1, etc.\r\n\t\t}\r\n\r\n\/\/ \t\tfunction formatId(text) {\r\n\/\/             return text.trim().replace(\/[^\\w\\d]+\/g, '_');\r\n\/\/         }\r\n\t\r\n        \/\/ Function to create nested list\r\n        function createNestedList(parentNode, children) {\r\n            if 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document.getElementById('list_toc_float');\r\n\r\n\t\t\/\/ Add content obtained from 'list_toc' to ul with id 'list_toc_float'\r\n\t\tulToc.append(...clonedChildren);\r\n\r\n\r\n        \/\/ Function to get navbar height\r\n\t\tfunction getNavbarHeight() {\r\n\t\t\tconst navbar = document.getElementById('tdi_34');\r\n\t\t\treturn navbar ? navbar.offsetHeight : 0;\r\n\t\t}\r\n\r\n\t\t\/\/ Function to add scroll position offset\r\n\t\tfunction scrollToElementWithOffset(elementId) {\r\n\t\t\tconst element = document.getElementById(elementId);\r\n\t\t\tif (element) {\r\n\t\t\t\tconst offset = getNavbarHeight();\r\n\t\t\t\tconst elementPosition = element.getBoundingClientRect().top;\r\n\t\t\t\tconst offsetPosition = elementPosition - offset - 40;\r\n\r\n\t\t\t\twindow.scrollBy({\r\n\t\t\t\t\ttop: offsetPosition,\r\n\t\t\t\t\tbehavior: 'smooth'\r\n\t\t\t\t});\r\n\t\t\t}\r\n\t\t}\r\n\r\n\t\t\/\/ Function to handle title link click\r\n\t\tfunction handleTitleClick(event) {\r\n\t\t\tevent.preventDefault();\r\n\t\t\tconst href = event.target.getAttribute('href').substr(1);\r\n\t\t\tscrollToElementWithOffset(href);\r\n\t\t}\r\n\r\n\t\t\/\/ Add event listener for all title links\r\n\t\tconst titleLinks = document.querySelectorAll('a[href^=\"#\"]');\r\n\t\ttitleLinks.forEach(link => {\r\n\t\t\tlink.addEventListener('click', handleTitleClick);\r\n\t\t});\r\n\t});\r\n    <\/script> -->\r\n <a href=\"https:\/\/www.hashmicro.com\/ph\/free-product-tour\/?medium=free-product-tour\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/10\/bir-demo-gratis.webp\" data-desktop-src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/10\/bir-demo-gratis.webp\" data-mobile-src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/10\/mobile-bir-demo-gratis.webp\" alt=\"FreeDemo\" class=\"responsive-image-banner\" width=\"620\" height=\"255\"><\/a>\r\n\r\n<script>\r\n    \/\/ check which image to use based on screensize\r\n    document.addEventListener(\"DOMContentLoaded\", function() {\r\n        function updateImageSource() {\r\n            var images = document.querySelectorAll('.responsive-image-banner');\r\n            var screenWidth = window.innerWidth;\r\n\r\n            images.forEach(function(img) {\r\n                var mobileSrc = img.getAttribute('data-mobile-src');\r\n                var desktopSrc = img.getAttribute('data-desktop-src');\r\n\r\n                if (screenWidth < 576 && mobileSrc) {\r\n                    img.setAttribute('src', mobileSrc);\r\n                } else {\r\n                    img.setAttribute('src', desktopSrc);\r\n                }\r\n            });\r\n        }\r\n\r\n        \/\/ Initial check\r\n        updateImageSource();\r\n\r\n        \/\/ Update on resize\r\n        window.addEventListener('resize', updateImageSource);\r\n    });\r\n<\/script><\/span><\/p>\n<h2><strong>What is Petty Cash?<\/strong><\/h2>\n<p><strong>Petty cash<\/strong> is a small amount of money that a business keeps on hand to cover minor expenses, purchases, and reimbursements. It is used for transactions that are either routine or unexpected, where writing a check or using a credit card may not be practical.<\/p>\n<p>In business transactions, companies don\u2019t always rely on large sums of money. Often, they spend small amounts frequently without realizing it. Every expense, no matter how minor, should be accurately recorded in accounting systems. This meticulous recording helps accountants track financial transactions effectively.<\/p>\n<p><strong><span id=\"benefits-of\">Petty cash example:<\/span><\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8359 size-full\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-example.webp\" alt=\"petty cash example\" width=\"993\" height=\"275\" srcset=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-example.webp 993w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-example-300x83.webp 300w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-example-768x213.webp 768w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-example-150x42.webp 150w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-example-696x193.webp 696w\" sizes=\"(max-width: 993px) 100vw, 993px\" \/><\/p>\n<h2><strong>Benefits of Petty Cash<\/strong><\/h2>\n<p>As one of the most useful features in the accounting system, petty cash fund provides significant advantages for businesses. Here are some benefits your company can enjoy if you are done choosing an <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/top-accounting-software-philippines\/\"><span data-sheets-root=\"1\">Financial management systems<\/span><\/a>\u00a0recommendation beforehand:<\/p>\n<h3><strong>1. Eases accountants\u2019 work<\/strong><\/h3>\n<p>Accountants face the demanding task of preparing monthly financial statements. Accurate reporting requires thorough analysis. Little cash simplifies this process by allowing accountants to focus on consolidating financial data from various departments.<\/p>\n<h3><strong>2. Enhances company services<\/strong><\/h3>\n<p>In financial management, petty cash is essential. Business meetings and client dinners are common, especially for departments that engage with external partners. Proper little cash management ensures funds are available for quality service, enhancing the company\u2019s reputation.<\/p>\n<h3><strong>3. Serves as an emergency fund<\/strong><\/h3>\n<p>Every department occasionally requires quick access to funds. Applying for small amounts through traditional channels can be slow. With petty cash fund, divisions can manage their expenses directly, allowing for immediate financial support when needed.<\/p>\n<h3><strong>4. Simplifies payments<\/strong><\/h3>\n<p>Little cash streamlines payment processes for low-value transactions. It eliminates the hassle of complicated payment methods and arranges a petty cash voucher, making it easier for employees to conduct business efficiently.<\/p>\n<h3><strong>5. Supports daily needs<\/strong><\/h3>\n<p><span id=\"purposes-of\">Companies often provide amenities to enhance employee satisfaction. Little cash helps meet these daily requirements. For example, if the kitchen runs out of coffee supplies, employees can quickly purchase replacements using little cash.<\/span><\/p>\n<h2><strong>Petty Cash Recording Purposes<\/strong><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-8358 size-full\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes.webp\" alt=\"petty cash purposes\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes.webp 1200w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes-300x169.webp 300w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes-1024x576.webp 1024w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes-768x432.webp 768w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes-747x420.webp 747w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes-150x84.webp 150w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes-696x392.webp 696w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/petty-cash-purposes-1068x601.webp 1068w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>Overall, little cash facilitates smoother financial transactions and supports accountants\u2019 responsibilities. The objectives of maintaining a petty cash fund include:<\/p>\n<ul>\n<li>Addressing minor office supplies or equipment needs.<\/li>\n<li>Avoiding impractical payment methods for small, unexpected expenses.<\/li>\n<li><span id=\"how-to\">Reducing the workload for employees serving clients, and aiding in performance reporting.<\/span><\/li>\n<li>Allowing supervisors to access funds spontaneously without extensive planning.<\/li>\n<\/ul>\n<h2><strong>How to Calculate Petty Cash Correctly<\/strong><\/h2>\n<p>Calculating petty cash fund correctly is essential for maintaining accurate financial records. Here\u2019s a step-by-step guide to help you manage your little cash effectively:<\/p>\n<ol>\n<li><strong>Establish a petty cash fund amount:<\/strong> Decide on an appropriate total amount for your petty cash fund based on your business needs. This could range from a few hundred to a few thousand pesos, depending on the frequency of small transactions.<\/li>\n<li><strong>Document initial fund distribution:<\/strong> Document the initial cash distribution to the petty cash fund in a little cash log or dedicated <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/accounting-system\/\">accounting system<\/a> to ensure better tracking of all financial transactions.<\/li>\n<li><strong>Track all transactions:<\/strong> Keep a detailed record of every transaction made from the petty cash fund. Each entry should include the date, purpose of the expense, the amount spent, and a receipt or proof of purchase.<\/li>\n<li><strong>Regularly reconcile the fund:<\/strong> At the end of each month or regular intervals, reconcile the little cash by adding the remaining cash to the total of all receipts. This helps ensure that the fund matches the expected amount.<\/li>\n<li><strong>Identify discrepancies:<\/strong> If there are discrepancies between the cash on hand and the total receipts, investigate the cause. This could include missing receipts or unauthorized expenditures.<\/li>\n<li><strong>Replenish the petty cash fund:<\/strong> Once the little cash is running low, replenish it by writing a check or transferring funds into the petty cash account. Ensure to keep documentation of this replenishment for your records.<\/li>\n<li><strong>Review and adjust as necessary:<\/strong> Periodically review your little cash usage and adjust the fund amount if needed based on changing business requirements or spending patterns.<\/li>\n<\/ol>\n<h2><strong>Manage Your Petty Cash Easily by Using Accounting Software from HashMicro<\/strong><\/h2>\n<p><em><img decoding=\"async\" class=\"alignnone wp-image-8361 size-full\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software.webp\" alt=\"managing petty cash with hashmicro accounting software\" width=\"1470\" height=\"900\" srcset=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software.webp 1470w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software-300x184.webp 300w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software-1024x627.webp 1024w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software-768x470.webp 768w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software-686x420.webp 686w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software-150x92.webp 150w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software-696x426.webp 696w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/managing-petty-cash-with-hashmicro-accounting-software-1068x654.webp 1068w\" sizes=\"(max-width: 1470px) 100vw, 1470px\" \/>Entrepreneurs, did you know that in today\u2019s digital age, you no longer have to manually calculate petty cash? Kaya&#8217;t bakit pa magpapakahirap kung may mas madaling solusyon?<\/em><\/p>\n<p><a href=\"https:\/\/www.hashmicro.com\/ph\/accounting-software\"><strong>HashMicro\u2019s accounting software<\/strong><\/a> offers a smart solution that is becoming increasingly popular among Filipino business owners. Its robust performance combined with an intuitive UI\/UX makes managing little cash easy and efficient, making it a preferred choice for mid-to-high-level businesses.<\/p>\n<p>With over 1,750 customers across Southeast Asia, HashMicro delivers numerous benefits for Filipino enterprises. Some key advantages include <a href=\"https:\/\/www.hashmicro.com\/ph\/free-product-tour\/\"><strong>free demos<\/strong><\/a>, no extra costs for adding users, extensive customization options, and a flexible petty cash management system that can grow with your business.<\/p>\n<p>Here are some features of HashMicro&#8217;s <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/ai-accounting-software\/\">AI accounting software<\/a>:<\/p>\n<ul>\n<li><strong>Cash flow reports:<\/strong> Monitor cash inflows and outflows to maintain liquidity, plan finances effectively, and identify potential issues early on.<\/li>\n<li><strong>Financial ratio calculation:<\/strong> Automatically calculates essential financial ratios, such as liquidity, profitability, and debt ratios, to help you assess your financial health.<\/li>\n<li><strong>Multi-level analytics:<\/strong> Gain real-time insights into all financial transactions, filtered by various categories like projects or branches, to understand trends better.<\/li>\n<li><strong>Profit &amp; loss reporting:<\/strong> Generates reports that highlight discrepancies between estimated and actual profits and losses, helping you stay on track with your budget.<\/li>\n<li><strong>Budget forecasting:<\/strong> Predict future budgets using historical data to aid in financial planning, efficient resource allocation, and informed strategic decision-making.<\/li>\n<li><strong data-start=\"654\" data-end=\"677\">Bank Reconciliation:<\/strong>\u00a0Matches internal records with bank statements to identify discrepancies and ensure accuracy. Integration with <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/bank-reconciliation-software-philippines\/\">bank reconciliation software<\/a> enables automatic data import, real-time matching, and faster error detection.<\/li>\n<\/ul>\n<p>With HashMicro\u2019s accounting software, managing your little cash becomes seamless and effective, allowing you to focus more on growing your business. <em>Sa tulong ng modernong teknolohiya, mas madali ang tagumpay!<\/em><\/p>\n<h2><strong>Conclusion<\/strong><\/h2>\n<p>Understanding the importance of petty cash is essential for effective financial bookkeeping in any business. Proper management of petty cash simplifies daily transactions and improves overall cash management. Accurate tracking helps identify spending patterns, control costs, and prevent unauthorized expenses.<\/p>\n<p>To enhance your business&#8217;s cash management, consider using HashMicro accounting software. This software streamlines the creation of financial statements, ensuring accuracy and speed. Its user-friendly interface allows you to easily enter transactions and generate reports, saving time for your finance team.<\/p>\n<p>Additionally, by adopting this accounting solution, you can significantly enhance your financial management practices and support the growth of your business. To experience its benefits firsthand, a <a href=\"https:\/\/www.hashmicro.com\/ph\/free-product-tour\/\"><strong>free demo<\/strong><\/a> is available, showcasing how HashMicro can transform your financial operations.<\/p>\n\n<h2><strong>FAQ About Petty Cash<\/strong><\/h2>\n<ul class=\"bottom_faq\">\n<li>\n<details>\n<summary><strong>Is petty cash an asset or expense?<\/strong><\/summary>\n<p>Petty cash is classified as a current asset. Current assets are resources that generate economic value within a year. Because little cash can quickly address situations requiring immediate cash, it is regarded as offering economic benefits.<\/p>\n<\/details>\n<\/li>\n<li>\n<details>\n<summary><strong>How to balance a petty cash account?<\/strong><\/summary>\n<p>How to reconcile petty cash: ascertain the float, count the cash, sum the recorded transactions (using vouchers and the log), categorize disbursements, identify and investigate discrepancies between vouchers and the expected balance, record transactions in your general ledger, replenish the float for the next month.<\/p>\n<\/details>\n<\/li>\n<li>\n<details>\n<summary><strong>What are the two types of petty cash?<\/strong><\/summary>\n<p>There are two types of petty cash books: the columnar little cash book and the imprest petty cash book.<\/p>\n<\/details>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Nag-alala ka na ba kung tama ang iyong pagkaunawa sa petty cash at kung paano ito makakatulong sa iyong mga layunin sa negosyo? A study mentioned that out of 15 companies surveyed, 100% of Philippine companies have done petty cash management. They understand that controlling petty cash through financial management systems is crucial for success. [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":8360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[157],"tags":[],"class_list":{"0":"post-8357","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-accounting"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Petty Cash? Definition, Examples &amp; How to Calculate<\/title>\n<meta name=\"description\" content=\"Petty cash is a small fund for minor business expenses. 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