: Why it is a Good Idea to have Petty Cash in the Office
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(463 Words)
Petty cash can be very useful in an office. There are many different situations that can arise that would cause you to need such money.
You need to send an employee out to buy something for the office
There may be a case when you suddenly need something for the office. It is unfair to ask the employees to spend their own money. Oftentimes the employees can be reimbursed but it might be lengthy process that takes some time and a lot of paperwork. For instance, let’s say that the paper shredder suddenly stops working. If they have some petty cash then they can give someone the money and they can run out and get a new one. Perhaps you run out of an office supply like staples. Also, if you need to send an employee on a task that requires some gas, you might want to give them some money to cover that cost. Perhaps someone comes around selling flowers to the offices and you want to buy some to make the office seem nice. All of these little expenses can be covered with petty cash.
You may want something special for the employees
If it is someone’s birthday at the office, then you might want to get the person a card or little dessert. Petty cash might be good for something like that. You might want to use it to do something special for the employees such as get them some donuts. Again getting things like these approved and reimbursed might be a cumbersome process.
You might need it for tips
When companies buy products like office furniture they may get them delivered. They may be paid for by a company credit card, but then you might want to give the person who delivers and/or sets it up a little money. The petty cash can go for that. It might just be a few dollars here or there, but you want to be sure to do what is appropriate and not have to have it come out of an employee’s pocket.
You can use it to reward someone
A business might give a little extra to someone who has done a good job. For instance, let’s say an emergency came up in the office and one employee stayed far past his or her normal time. It was a real hassle for them but they wanted to help out the company. Perhaps they are on salary so they would not get any more. If you have a little petty cash then you can give that person a little something to thank them.
Petty cash may be used for many different reasons. You should make sure to have enough to cover all of the circumstances that might arise and to refill as necessary.
Updated On: 09/18/2010 Published On: 09/18/2010 Article ViewerClose
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