Petty cash management
Manage overlooked, smaller business spend using real-time reporting
How Webexpenses petty cash management works
- Dedicate each user in the system to manage a petty cash account (tin/lockbox)
- Upload and digitally attach receipts
- Use real-time reporting for complete visibility on smaller departmental purchases that are often overlooked
Pre-approvals for faster process
Compatible with imprest system
Track spend for improved reporting
What is petty cash?
Traditionally, petty cash funds are managed by a physical ‘tin’ or ‘lockbox’ within a company or department. The person responsible for petty cash is required to manage payments coming in and out, keep a record of payments, and reimburse employees accordingly.
Petty cash is a fund that can be immediately available for the business to cover minor expenses or an incidental cash transaction of a small amount. This typically covers one-off items or occasional small purchases such as office supplies, postage stamps, or food and drinks bought for the office.