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Tax tip to business owners for petty cash account activities

Tax tip to business owners for petty cash account activities

by Mounica Kota | Nov 13, 2018 | New Business

Tax tip to business owners for

petty cash account activities

 

Tax tip to business owners for petty cash account activities Don’t be nonchalant about keeping accurate records of your petty cash fund. Each time you dip into petty cash, you must make some sort of record in order to keep track of the amount being spent. Reconciliation of your petty cash account regularly will help you finding out where your money has been going and reduce risk of theft.

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