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  • BISYNC Petty Cash Policy Extract

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    Nathan Bupe Mukalula
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    BISYNC's petty cash policy uses an imprest system with a float of K1,000 that is replenished weekly. All petty cash transactions require a signed and authorized voucher with a receipt, and the petty cash daybook is closed weekly under an accountant's supervision. Loans to staff from petty cash are not to exceed K5 and must be repaid within 7 working days, while the transaction limit for petty cash is K50.

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    BISYNC's petty cash policy uses an imprest system with a float of K1,000 that is replenished weekly. All petty cash transactions require a signed and authorized voucher with a receipt, and the petty cash daybook is closed weekly under an accountant's supervision. Loans to staff from petty cash are not to exceed K5 and must be repaid within 7 working days, while the transaction limit for petty cash is K50.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    BISYNC Petty Cash Policy Extract

    Uploaded by

    Nathan Bupe Mukalula
    BISYNC's petty cash policy uses an imprest system with a float of K1,000 that is replenished weekly. All petty cash transactions require a signed and authorized voucher with a receipt, and the petty cash daybook is closed weekly under an accountant's supervision. Loans to staff from petty cash are not to exceed K5 and must be repaid within 7 working days, while the transaction limit for petty cash is K50.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    BISYNC Petty Cash policy Extract

    - Petty Cash is replenished using the imprest system keeping a float of K1, 000.

    - The Petty Cash daybook is to be closed every week under the supervision of an accountant

    - Petty Cash vouchers are to be raised for every petty cash transaction

    - All Petty cash vouchers are to be signed by the person in receipt of the cash

    - All Petty cash vouchers are to be authorised by the Director and accountant

    - A receipt must be provided for every petty cash expense

    - Loans to staff from petty cash cannot exceed 5 and must be repaid within 7 working days

    - Transaction limit for petty cash is 50

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