Defination-Petty Cash Procedure

12/6/23, 2:10 PM Petty Cash Procedure - Finance SOP - Hotel Tutor
FINANCE
Petty Cash Procedure – Finance SOP
To Define the proper use of Petty Cash voucher

Click for all finance sop
General Policy:
Petty cash is a small amount of money, disbursed for expenses when it is not practical
to pay by bank transfer. Every hotel needs to define the limit that they would like to set,
however, most hotels set the limit at Rs. 5000 and below. Follow the petty cash
procedure in your hotel
Guide to Employee
Onboarding
G-P Downlo
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume
that you are happy with it.
Ok No
https://hoteltutor.com/petty-cash-procedure-finance-sop/ 1/7
Standard procedure
The use of petty cash has to be restricted and limited to small emergency purchase
only.
The purchase made out of pocket cash needs to be reimbursed by filling out the
expense report.
Petty cash vouchers need to have supporting vouchers
The petty cash voucher must have the approval of the department head and the
financial controller.
If the amount paid exceeds the limit set by the hotel, the general manager must
approve the payment
In case of an emergency during the night, the Manager on Duty can authorise the
petty cash payment
Receipts must be attached to the petty cash voucher while settling the same.
The petty cash voucher must have complete description of the purchase.
Petty cash voucher must be reimbursed during the allotted time from the general
cashier
Front office and Fnb service float must not be used to settle the voucher
All Petty cash voucher must be closed within 48 hours.
The approving and receiving signature cannot be of the same person
If there is a shortage in the person must follow the petty cash procedure described in
the policy and correct the shortage within 48 hours
Guide to Employee
Onboarding
G-P Downlo
Ok No
Guide to Employee
Onboarding
G-P Downlo
#Finance
PREVIOUS NEXT
How to conduct a fortnightly review to 3 signs that tell you it is time to close
keep your hotel on track your restaurant business
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Save my name, email, and website inthat
thisyoubrowser
are happyfor
withthe
it. next time I comment.
Ok No
Post Comment
Every month we spend hours maintaining and updating the site so that we can bring
quality hospitality education to everyone. If you can, do support us with a contribution.
You can choose an amount you wish to contribute. On an average our supporters pay
Rs. 500
Support
₹500.00
Change amount
Support Us
Supported payment methods:
Get Daily Training Videos In Your email

Sign up to receive daily videos that will help you learn something that can help you
with your career
First Name *
Email *
Email Address
Department of Interest *
Front Office
Housekeeping
Fnb Service
Kitchen Ok No
Subscribe
SEARCH
Search … Search
TRADE NOW
This advertisement has not been reviewed by the

Monetary Authority of Singapore. Leveraged
trading is high risk. Losses can exceed deposits.
TRANSLATE:
LEARN
Articles
Lessons
Courses
TRADE NOW
This advertisement has not been reviewed by the

Monetary Authority of Singapore. Leveraged
trading is high risk. Losses can exceed deposits.
DEPARTMENT WISE LESSONS

Engineering that you are happy with it.
Ok No
Finance
Food and Beverage Service
Front Office
Housekeeping
HR
Kitchen
Revenue Management
Sales and Marketing
Security
Connect with us Courses for Resources Abo

Advertise your brand Operational Articles the
Departments Lessons Site
Culinary Courses About
HouseKeeping Store Conta
F&B Service Train your hotel Disclo
team members on how
Support Front Office make
₹500.00 Login to your
Change amount
Courses for account
money
Support Privacy
Policy
Departments
Support Us
Supported payment methods: Terms

Engineering Condi
Finance Refund
Policy
Sales and Marketing
General
Ok No
© 2023 Hotel Tutor
Ok No

Defination-Petty Cash Procedure

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Defination-Petty Cash Procedure

Uploaded by

Copyright:

Available Formats

12/6/23, 2:10 PM Petty Cash Procedure - Finance SOP - Hotel Tutor

Petty Cash Procedure – Finance SOP

To Define the proper use of Petty Cash voucher

Supported payment methods:

Get Daily Training Videos In Your email

This advertisement has not been reviewed by the

This advertisement has not been reviewed by the

DEPARTMENT WISE LESSONS

Engineering that you are happy with it.

Connect with us Courses for Resources Abo

Supported payment methods: Terms

© 2023 Hotel Tutor

You might also like